# PPP loan: MAGNUSSON INSTITUTE
> **$156K** approved 03/02/2021 · Paid in Full · Loan `5904058501`
## Borrower
- **Name:** MAGNUSSON INSTITUTE
- **Address:** 1 E Liberty St, Reno, NV, 89501-2097
- **NAICS:** 541511
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $156K
- **Initial approval:** $156K
- **Forgiven:** $157K (101%)
- **Forgiveness date:** 01/21/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $156K
- **Jobs reported:** 8
## Lender
- **Originating:** Greater Nevada CU
- **Servicing:** Fountainhead SBF LLC (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*