# PPP loan: OHIO AEROSPACE INSTITUTE
> **$1.16M** approved 04/08/2020 · Exemption 4 · Loan `8027267009`
## Borrower
- **Name:** OHIO AEROSPACE INSTITUTE
- **Address:** 22800 CEDAR POINT RD, BROOKPARK, OH, 44142-1012
- **NAICS:** 541715
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.16M
- **Initial approval:** $1.16M
- **Forgiven:** $552K (48%)
- **Forgiveness date:** 09/14/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.16M
- **Jobs reported:** 56
## Lender
- **Originating:** The Middlefield Banking Company
- **Servicing:** The Middlefield Banking Company (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*