# PPP loan: THE FOUNDATION FOR HISPANIC EDUCATION
> **$1.41M** approved 04/09/2020 · Paid in Full · Loan `9452407009`
## Borrower
- **Name:** THE FOUNDATION FOR HISPANIC EDUCATION
- **Address:** 14271 STORY RD, SAN JOSE, CA, 95127-3823
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.41M
- **Initial approval:** $1.41M
- **Forgiven:** $1.42M (101%)
- **Forgiveness date:** 05/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.19M
- **Rent:** $220K
- **Jobs reported:** 91
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*