# PPP loan: WILLIAM PENN UNIVERSITY
> **$1.85M** approved 04/15/2020 · Paid in Full · Loan `1495987208`
## Borrower
- **Name:** WILLIAM PENN UNIVERSITY
- **Address:** 201 Trueblood Avenue, OSKALOOSA, IA, 52577
- **NAICS:** 611310
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.85M
- **Initial approval:** $1.85M
- **Forgiven:** $1.87M (101%)
- **Forgiveness date:** 04/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.39M
- **Rent:** $116K
- **Mortgage interest:** $116K
- **Utilities:** $116K
- **Health care:** $116K
- **Jobs reported:** 412
## Lender
- **Originating:** MidWestOne Bank
- **Servicing:** MidWestOne Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*