# PPP loan: THE JACOBS INSTITUTE INC.
> **$489K** approved 01/25/2021 · Paid in Full · Loan `5148508302`
## Borrower
- **Name:** THE JACOBS INSTITUTE INC.
- **Address:** 875 Ellicott St Fl 5, Buffalo, NY, 14203-1034
- **NAICS:** 541715
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $489K
- **Initial approval:** $489K
- **Forgiven:** $492K (101%)
- **Forgiveness date:** 11/09/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $489K
- **Jobs reported:** 34
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*