As part of the Paycheck Protection Program MOUNT MERCY UNIVERSITY was approved for a loan.

The Paycheck Protection Program (PPP) incentivized business owners to continue paying their workers during the pandemic. In late December 2020, a new PPP bill authorized additional funding for the program.

MOUNT MERCY UNIVERSITY


Loan Amount	$3,384,327
BusinessName	MOUNT MERCY UNIVERSITY
Address	1330 ELMHURST DR NE
City	CEDAR RAPIDS
State	IA
Zip	52402
NAICSCode	611310
BusinessType	Non-Profit Organization
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit	Y
JobsReported	335
DateApproved	05/14/2020
Lender	U.S. Bank, National Association
CD	IA-01
BusinessName.clean	MOUNT MERCY UNIVERSITY

Data Sources

The data come from a release of over 5 million records by the SBA in November, 2020.

Who Could Apply?

Entities affected by Coronavirus (COVID-19) may have been eligible, including:

Small businesses that met SBA’s size standards
Sole proprietors, independent contractors, and self-employed persons

More info about the PPP is available from the Small Business Administration.

Other Organizations with PPP Loans

MOUNT NOTRE DAME
MOUNT OLIVET CAREVIEW HOME
MOUNT OLIVET ROLLING ACRES
MOUNT PARAN CHURCH OF GOD
MOUNT PROSPECT ACADEMY