# PPP loan: GRACELAND UNIVERSITY
> **$3.20M** approved 04/11/2020 · Paid in Full · Loan `3087527101`
## Borrower
- **Name:** GRACELAND UNIVERSITY
- **Address:** 1 UNIVERSITY PL, LAMONI, IA, 50140-1641
- **NAICS:** 611430
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.20M
- **Initial approval:** $3.20M
- **Forgiven:** $3.26M (102%)
- **Forgiveness date:** 01/28/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.20M
- **Jobs reported:** 299
## Lender
- **Originating:** Landmark National Bank
- **Servicing:** Landmark National Bank (KS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*