# PPP loan: PEOPLE'S MEMORIAL HOSPITAL
> **$2.50M** approved 04/15/2020 · Paid in Full · Loan `1617687200`
## Borrower
- **Name:** PEOPLE'S MEMORIAL HOSPITAL
- **Address:** 1600 First Street East, INDEPENDENCE, IA, 50644
- **NAICS:** 622110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.50M
- **Initial approval:** $2.50M
- **Forgiven:** $2.53M (101%)
- **Forgiveness date:** 05/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.50M
- **Jobs reported:** 317
## Lender
- **Originating:** BankIowa
- **Servicing:** BankIowa (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*