# PPP loan: NEW MEXICO SCHOOL FOR THE ARTS - ART INSTITUTE
> **$304K** approved 04/15/2020 · Paid in Full · Loan `9504537103`
## Borrower
- **Name:** NEW MEXICO SCHOOL FOR THE ARTS - ART INSTITUTE
- **Address:** 500 MONTEZUMA AVE, SANTA FE, NM, 87501
- **NAICS:** 813211
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $304K
- **Initial approval:** $304K
- **Forgiven:** $307K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $304K
- **Jobs reported:** 33
## Lender
- **Originating:** New Mexico Bank and Trust, A Division of HTLF Bank
- **Servicing:** HTLF Bank (CO)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*