# PPP loan: SANSUM DIABETES RESEARCH INSTITUTE
> **$354K** approved 04/13/2020 · Paid in Full · Loan `5068077101`
## Borrower
- **Name:** SANSUM DIABETES RESEARCH INSTITUTE
- **Address:** 2219 BATH ST, SANTA BARBARA, CA, 93105-4321
- **NAICS:** 541715
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $354K
- **Initial approval:** $354K
- **Forgiven:** $359K (101%)
- **Forgiveness date:** 07/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $337K
- **Utilities:** $18K
- **Jobs reported:** 79
## Lender
- **Originating:** Montecito Bank & Trust
- **Servicing:** Montecito Bank & Trust (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*