# PPP loan: NEW COVENANT BIBLE CHURCH
> **$295K** approved 04/06/2020 · Paid in Full · Loan `5970397010`
## Borrower
- **Name:** NEW COVENANT BIBLE CHURCH
- **Address:** 3090 CENTER POINT RD, CEDAR RAPIDS, IA, 52411-9548
- **NAICS:** 813110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $295K
- **Initial approval:** $296K
- **Forgiven:** $297K (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $295K
- **Jobs reported:** 25
## Lender
- **Originating:** Farmers State Bank
- **Servicing:** Farmers State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*