# PPP loan: INSTITUTE FOR DEFENSE AND BUSINESS
> **$243K** approved 04/13/2020 · Paid in Full · Loan `4198007106`
## Borrower
- **Name:** INSTITUTE FOR DEFENSE AND BUSINESS
- **Address:** 1250 ENVIRON WAY, CHAPEL HILL, NC, 27517-4426
- **NAICS:** 611310
- **Business type:** Non-Profit Organization
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $243K
- **Initial approval:** $243K
- **Forgiven:** $245K (101%)
- **Forgiveness date:** 04/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $243K
- **Jobs reported:** 14
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*