# PPP loan: BETHEL UNIVERSITY INC
> **$3.21M** approved 04/05/2020 · Paid in Full · Loan `5573767010`
## Borrower
- **Name:** BETHEL UNIVERSITY INC
- **Address:** 1001 Bethel Circle, MISHAWAKA, IN, 46545-2232
- **NAICS:** 611310
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.21M
- **Initial approval:** $3.21M
- **Forgiven:** $3.25M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.22M
- **Mortgage interest:** $128K
- **Utilities:** $144K
- **Health care:** $350K
- **Debt interest:** $370K
- **Jobs reported:** 250
## Lender
- **Originating:** Lake City Bank
- **Servicing:** Lake City Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*