# PPP loan: INSTITUTE OF
> **$171K** approved 04/09/2020 · Paid in Full · Loan `9353167003`
## Borrower
- **Name:** INSTITUTE OF
- **Address:** 79 GILLIS ST, SAN ANGELO, TX, 76903-5819
- **NAICS:** 624221
- **Business type:** Non-Profit Organization
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $171K
- **Initial approval:** $171K
- **Forgiven:** $172K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $171K
- **Jobs reported:** 32
## Lender
- **Originating:** The First National Bank of Mertzon
- **Servicing:** The First National Bank of Mertzon (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*