# PPP loan: MAYFLOWER HOMES INC.
> **$1.05M** approved 04/06/2020 · Paid in Full · Loan `6082287008`
## Borrower
- **Name:** MAYFLOWER HOMES INC.
- **Address:** 616 Broad Street, GRINNELL, IA, 50112-2224
- **NAICS:** 623110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.05M
- **Initial approval:** $1.05M
- **Forgiven:** $1.06M (101%)
- **Forgiveness date:** 03/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $900K
- **Mortgage interest:** $100K
- **Utilities:** $25K
- **Health care:** $24K
- **Jobs reported:** 135
## Lender
- **Originating:** Grinnell State Bank
- **Servicing:** Grinnell State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*