# PPP loan: THE MONROE INSTITUTE
> **$213K** approved 04/27/2020 · Paid in Full · Loan `5205737204`
## Borrower
- **Name:** THE MONROE INSTITUTE
- **Address:** 365 Roberts Mountain Road, FABER, VA, 22938
- **NAICS:** 541720
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $213K
- **Initial approval:** $213K
- **Forgiven:** $214K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $210K
- **Utilities:** $3K
- **Jobs reported:** 28
## 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*