# PPP loan: PALMER COLLEGE FOUNDATION
> **$6.26M** approved 05/09/2020 · Paid in Full · Loan `4494997409`
## Borrower
- **Name:** PALMER COLLEGE FOUNDATION
- **Address:** 1000 Brady Street, DAVENPORT, IA, 52803
- **NAICS:** 611310
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $6.26M
- **Initial approval:** $7.36M
- **Forgiven:** $6.35M (101%)
- **Forgiveness date:** 11/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $6.26M
- **Jobs reported:** 421
## Lender
- **Originating:** Quad City Bank and Trust Company
- **Servicing:** Quad City Bank and Trust Company (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*