# PPP loan: MONROE INSTITUTE
> **$199K** approved 02/05/2021 · Paid in Full · Loan `4050978409`
## Borrower
- **Name:** MONROE INSTITUTE
- **Address:** 365 Roberts Mountain Rd, Faber, VA, 22938-2318
- **NAICS:** 611710
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $199K
- **Initial approval:** $199K
- **Forgiven:** $199K (100%)
- **Forgiveness date:** 06/24/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $199K
- **Jobs reported:** 25
## Lender
- **Originating:** First National Bank
- **Servicing:** First National Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*