# PPP loan: GRINNELL COMMUNITY DAYCARE INC
> **$161K** approved 04/06/2020 · Paid in Full · Loan `6438417001`
## Borrower
- **Name:** GRINNELL COMMUNITY DAYCARE INC
- **Address:** 1436 Penrose Street, GRINNELL, IA, 50112-1210
- **NAICS:** 624410
- **Business type:** Non-Profit Childcare Center
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $161K
- **Initial approval:** $161K
- **Forgiven:** $162K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $151K
- **Rent:** $10K
- **Jobs reported:** 34
## 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*