# PPP loan: ISRAELI-AMERICAN COUNCIL
> **$1.25M** approved 04/28/2020 · Paid in Full · Loan `9972207208`
## Borrower
- **Name:** ISRAELI-AMERICAN COUNCIL
- **Address:** 5900 CANOGA AVE. SUITE 390, WOODLAND HILLS, CA, 91367-5125
- **NAICS:** 813410
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.25M
- **Initial approval:** $1.25M
- **Forgiven:** $1.26M (101%)
- **Forgiveness date:** 03/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $936K
- **Rent:** $187K
- **Mortgage interest:** $62K
- **Utilities:** $62K
- **Jobs reported:** 155
## Lender
- **Originating:** Valley National Bank
- **Servicing:** Valley National Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*