# PPP loan: LSU FOUNDATION
> **$1.38M** approved 04/09/2020 · Paid in Full · Loan `9979957006`
## Borrower
- **Name:** LSU FOUNDATION
- **Address:** 3796 Nicholson Drive 0.0, Baton Rouge, LA, 70802-8633
- **NAICS:** 813211
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.38M
- **Initial approval:** $1.38M
- **Forgiven:** $1.40M (101%)
- **Forgiveness date:** 05/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.30M
- **Rent:** $769
- **Mortgage interest:** $5K
- **Health care:** $80K
- **Jobs reported:** 122
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*