# PPP loan: ROCKFORD UNIVERSITY
> **$2.51M** approved 04/11/2020 · Paid in Full · Loan `2634047105`
## Borrower
- **Name:** ROCKFORD UNIVERSITY
- **Address:** 5050 EAST STATE ST, ROCKFORD, IL, 61108-2311
- **NAICS:** 611310
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.51M
- **Initial approval:** $2.51M
- **Forgiven:** $2.54M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.51M
- **Jobs reported:** 411
## Lender
- **Originating:** Illinois Bank and Trust, A Division of HTLF Bank
- **Servicing:** HTLF Bank (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*