# PPP loan: RUSSIAN AMERICAN FOUNDATION, INC.
> **$321K** approved 04/07/2020 · Paid in Full · Loan `6997707001`
## Borrower
- **Name:** RUSSIAN AMERICAN FOUNDATION, INC.
- **Address:** 12400 Wilshire Blvd Suite 1275, LOS ANGELES, CA, 90025-1006
- **NAICS:** 813219
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $321K
- **Initial approval:** $109K
- **Forgiven:** $285K (89%)
- **Forgiveness date:** 04/08/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $296K
- **Rent:** $21K
- **Health care:** $5K
- **Jobs reported:** 8
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*