# PPP loan: STROUD WATER RESEARCH CENTER INC
> **$859K** approved 04/08/2020 · Exemption 4 · Loan `7935937010`
## Borrower
- **Name:** STROUD WATER RESEARCH CENTER INC
- **Address:** 970 Spencer Rd, AVONDALE, PA, 19311-9514
- **NAICS:** 541990
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $859K
- **Initial approval:** $859K
- **Forgiven:** $843K (98%)
- **Forgiveness date:** 07/09/2021
- **Status:** Exemption 4
- **Term:** 75 months
## Use of funds
- **Payroll:** $859K
- **Jobs reported:** 62
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*