# PPP loan: THE INSTITUTE FOR NEW ECONOMIC THINKING
> **$688K** approved 03/12/2021 · Exemption 4 · Loan `9289908502`
## Borrower
- **Name:** THE INSTITUTE FOR NEW ECONOMIC THINKING
- **Address:** 300 Park Ave S Fl 5, New York, NY, 10010-5313
- **NAICS:** 541690
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $688K
- **Initial approval:** $688K
- **Forgiven:** $572K (83%)
- **Forgiveness date:** 08/28/2023
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $688K
- **Utilities:** $1
- **Jobs reported:** 21
## Lender
- **Originating:** TD Bank, National Association
- **Servicing:** TD Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*