# PPP loan: BARBARA OLSON CENTER OF HOPE
> **$429K** approved 04/13/2020 · Paid in Full · Loan `5463027108`
## Borrower
- **Name:** BARBARA OLSON CENTER OF HOPE
- **Address:** 3206 N CENTRAL AVE, ROCKFORD, IL, 61101-1756
- **NAICS:** 624310
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $429K
- **Initial approval:** $429K
- **Forgiven:** $332K (77%)
- **Forgiveness date:** 11/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $419K
- **Utilities:** $11K
- **Jobs reported:** 63
## Lender
- **Originating:** Midland States Bank
- **Servicing:** Midland States Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*