# PPP loan: UNIVERSITY OF RIO GRANDE
> **$2.34M** approved 04/06/2020 · Paid in Full · Loan `5965017007`
## Borrower
- **Name:** UNIVERSITY OF RIO GRANDE
- **Address:** 218 North College Ave., RIO GRANDE, OH, 45674-3131
- **NAICS:** 611310
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.34M
- **Initial approval:** $2.34M
- **Forgiven:** $2.37M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.88M
- **Rent:** $219K
- **Utilities:** $250K
- **Jobs reported:** 463
## Lender
- **Originating:** Peoples Bank
- **Servicing:** Peoples Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*