# PPP loan: JAMES MADISON UNIVERSITY FOUNDATION INC.
> **$175K** approved 04/07/2020 · Paid in Full · Loan `7250937007`
## Borrower
- **Name:** JAMES MADISON UNIVERSITY FOUNDATION INC.
- **Address:** 1320 SOUTH MAIN ST, HARRISONBURG, VA, 22807-1046
- **NAICS:** 813211
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $175K
- **Initial approval:** $175K
- **Forgiven:** $176K (101%)
- **Forgiveness date:** 01/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $175K
- **Jobs reported:** 9
## Lender
- **Originating:** Farmers & Merchants Bank
- **Servicing:** Farmers & Merchants Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*