# PPP loan: INSTITUTE FOR THE FUTURE
> **$1.10M** approved 04/14/2020 · Paid in Full · Loan `6487217105`
## Borrower
- **Name:** INSTITUTE FOR THE FUTURE
- **Address:** 201 Hamilton Ave, PALO ALTO, CA, 94301
- **NAICS:** 813319
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.10M
- **Initial approval:** $1.47M
- **Forgiven:** $1.11M (101%)
- **Forgiveness date:** 08/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.10M
- **Jobs reported:** 45
## 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*