# PPP loan: THE MONMOUTH COLLEGE
> **$2.71M** approved 04/06/2020 · Paid in Full · Loan `5798197006`
## Borrower
- **Name:** THE MONMOUTH COLLEGE
- **Address:** 700 E BROADWAY, MONMOUTH, IL, 61462-1963
- **NAICS:** 611310
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.71M
- **Initial approval:** $2.71M
- **Forgiven:** $2.74M (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.71M
- **Jobs reported:** 304
## Lender
- **Originating:** Security Savings Bank
- **Servicing:** Security Savings Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*