# PPP loan: MAYOR'S YOUTH EMPOWERMENT PROGRAM
> **$893K** approved 04/05/2020 · Exemption 4 · Loan `5575327000`
## Borrower
- **Name:** MAYOR'S YOUTH EMPOWERMENT PROGRAM
- **Address:** 407 Highland Ct, IOWA CITY, IA, 52240-4519
- **NAICS:** 813410
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $893K
- **Initial approval:** $893K
- **Forgiven:** $817K (92%)
- **Forgiveness date:** 11/10/2020
- **Status:** Exemption 4
- **Term:** 61 months
## Use of funds
- **Payroll:** $893K
- **Jobs reported:** 199
## Lender
- **Originating:** Farmers & Merchants Savings Bank
- **Servicing:** Farmers & Merchants Savings Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*