# PPP loan: CHARLES R. DREW UNIVERSITY OF MEDICINE AND SCIENCE
> **$5.52M** approved 04/09/2020 · Paid in Full · Loan `9753097005`
## Borrower
- **Name:** CHARLES R. DREW UNIVERSITY OF MEDICINE AND SCIENCE
- **Address:** 1731 E 120TH ST, LOS ANGELES, CA, 90059-3051
- **NAICS:** 611310
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.52M
- **Initial approval:** $5.52M
- **Forgiven:** $5.59M (101%)
- **Forgiveness date:** 06/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $5.00M
- **Utilities:** $170K
- **Debt interest:** $350K
- **Jobs reported:** 450
## Lender
- **Originating:** Western Alliance Bank
- **Servicing:** Western Alliance Bank (AZ)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*