# PPP loan: THE MASSACHUSETTS INSTITUTE FOR A NEW COMMONWEALTH INC
> **$227K** approved 03/01/2021 · Paid in Full · Loan `5589718508`
## Borrower
- **Name:** THE MASSACHUSETTS INSTITUTE FOR A NEW COMMONWEALTH INC
- **Address:** 11 Beacon St Ste 500, Boston, MA, 02108-3006
- **NAICS:** 541910
- **Business type:** 501(c)3 ¿ Non Profit
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $227K
- **Initial approval:** $227K
- **Forgiven:** $229K (101%)
- **Forgiveness date:** 09/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $227K
- **Utilities:** $1
- **Jobs reported:** 16
## Lender
- **Originating:** Citizens Bank, National Association
- **Servicing:** Citizens Bank, National Association (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*