# PPP loan: IOWA WESLEYAN UNIVERSITY
> **$1.39M** approved 04/13/2020 · Paid in Full · Loan `5574727109`
## Borrower
- **Name:** IOWA WESLEYAN UNIVERSITY
- **Address:** 601 N Main St, MOUNT PLEASANT, IA, 52641-1348
- **NAICS:** 611310
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.39M
- **Initial approval:** $1.39M
- **Forgiven:** $1.40M (101%)
- **Forgiveness date:** 12/28/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.19M
- **Rent:** $42K
- **Mortgage interest:** $52K
- **Utilities:** $103K
- **Jobs reported:** 125
## Lender
- **Originating:** Two Rivers Bank & Trust
- **Servicing:** Two Rivers Bank & Trust (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*