# PPP loan: PREUCIL SCHOOL OF MUSIC
> **$228K** approved 04/13/2020 · Paid in Full · Loan `5527217106`
## Borrower
- **Name:** PREUCIL SCHOOL OF MUSIC
- **Address:** 524 N JOHNSON ST, IOWA CITY, IA, 52245-2840
- **NAICS:** 611710
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $228K
- **Initial approval:** $236K
- **Forgiven:** $230K (101%)
- **Forgiveness date:** 02/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $228K
- **Jobs reported:** 83
## Lender
- **Originating:** Hills Bank and Trust Company
- **Servicing:** Hills 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*