# PPP loan: TRAINING AND RESEARCH FOUNDATION
> **$450K** approved 02/06/2021 · Exemption 4 · Loan `4354828409`
## Borrower
- **Name:** TRAINING AND RESEARCH FOUNDATION
- **Address:** 1442 E Lincoln Ave PMB 371, Orange, CA, 92865-1934
- **NAICS:** 624410
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $450K
- **Initial approval:** $450K
- **Forgiven:** $254K (57%)
- **Forgiveness date:** 06/08/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $450K
- **Utilities:** $1
- **Jobs reported:** 276
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*