# PPP loan: ERIE INSTITUTE OF TECHNOLOGY, INC.
> **$295K** approved 04/07/2020 · Paid in Full · Loan `6906767003`
## Borrower
- **Name:** ERIE INSTITUTE OF TECHNOLOGY, INC.
- **Address:** 940 Millcreek Mall, ERIE, PA, 16565-5002
- **NAICS:** 611519
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $295K
- **Initial approval:** $295K
- **Forgiven:** $298K (101%)
- **Forgiveness date:** 03/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $236K
- **Rent:** $20K
- **Mortgage interest:** $20K
- **Utilities:** $20K
- **Jobs reported:** 47
## Lender
- **Originating:** CNB Bank
- **Servicing:** CNB Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*