# PPP loan: OAKLAND CITY UNIVERSITY
> **$2.49M** approved 04/06/2020 · Paid in Full · Loan `5960657001`
## Borrower
- **Name:** OAKLAND CITY UNIVERSITY
- **Address:** 138 LUCRETIA ST, OAKLAND CITY, IN, 47660-1038
- **NAICS:** 611310
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.49M
- **Initial approval:** $2.49M
- **Forgiven:** $2.52M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.92M
- **Rent:** $174K
- **Utilities:** $199K
- **Health care:** $199K
- **Jobs reported:** 465
## Lender
- **Originating:** The First National Bank of Carmi
- **Servicing:** The First National Bank of Carmi (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*