# PPP loan: ALS THERAPY DEVELOPMENT INSTITUTE
> **$740K** approved 04/30/2021 · Paid in Full · Loan `5862308908`
## Borrower
- **Name:** ALS THERAPY DEVELOPMENT INSTITUTE
- **Address:** 480 Arsenal St Ste 201, Watertown, MA, 02472-2805
- **NAICS:** 813212
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $740K
- **Initial approval:** $740K
- **Forgiven:** $746K (101%)
- **Forgiveness date:** 03/07/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $740K
- **Utilities:** $1
- **Jobs reported:** 57
## Lender
- **Originating:** SVB, A Division of First-Citizens Bank and Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*