# PPP loan: INSTITUTE OF HEARTMATH
> **$240K** approved 04/13/2020 · Paid in Full · Loan `5610417108`
## Borrower
- **Name:** INSTITUTE OF HEARTMATH
- **Address:** 14700 WEST PARK AVE, BOULDER CREEK, CA, 95006-9673
- **NAICS:** 541720
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $240K
- **Initial approval:** $276K
- **Forgiven:** $243K (101%)
- **Forgiveness date:** 04/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Rent:** $30K
- **Mortgage interest:** $180K
- **Utilities:** $30K
- **Jobs reported:** 25
## Lender
- **Originating:** Santa Cruz County Bank
- **Servicing:** Santa Cruz County Bank (CA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*