# PPP loan: THE FRANKLIN INSTITUTE
> **$2.89M** approved 04/14/2020 · Paid in Full · Loan `7002077108`
## Borrower
- **Name:** THE FRANKLIN INSTITUTE
- **Address:** 222 North 20TH ST, PHILADELPHIA, PA, 19103-1190
- **NAICS:** 712110
- **Business type:** Non-Profit Organization
- **Business age:** Unanswered
## Loan
- **Approval amount:** $2.89M
- **Initial approval:** $2.89M
- **Forgiven:** $2.93M (101%)
- **Forgiveness date:** 06/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.89M
- **Jobs reported:** 325
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*