# PPP loan: FELTON INSTITUTE
> **$3.55M** approved 04/13/2020 · Paid in Full · Loan `5454327102`
## Borrower
- **Name:** FELTON INSTITUTE
- **Address:** 1005 Atlantic Avenue, ALAMEDA, CA, 94501-1148
- **NAICS:** 624190
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.55M
- **Initial approval:** $3.55M
- **Forgiven:** $3.59M (101%)
- **Forgiveness date:** 06/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.28M
- **Rent:** $200K
- **Mortgage interest:** $40K
- **Utilities:** $30K
- **Jobs reported:** 374
## Lender
- **Originating:** Western Alliance Bank
- **Servicing:** Western Alliance Bank (AZ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*