# PPP loan: ALMA COLLEGE
> **$4.15M** approved 04/07/2020 · Paid in Full · Loan `7661957007`
## Borrower
- **Name:** ALMA COLLEGE
- **Address:** 614 W Superior Street, ALMA, MI, 48801-1504
- **NAICS:** 611310
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.15M
- **Initial approval:** $4.15M
- **Forgiven:** $4.20M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.93M
- **Health care:** $220K
- **Jobs reported:** 367
## Lender
- **Originating:** Mercantile Bank
- **Servicing:** Mercantile Bank (MI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*