# PPP loan: MARS HILL BIBLE SCHOOL
> **$771K** approved 04/10/2020 · Paid in Full · Loan `2527617104`
## Borrower
- **Name:** MARS HILL BIBLE SCHOOL
- **Address:** 698 Cox Creek Parkway, FLORENCE, AL, 35630-1199
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $771K
- **Initial approval:** $771K
- **Forgiven:** $780K (101%)
- **Forgiveness date:** 06/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $617K
- **Rent:** $20K
- **Mortgage interest:** $80K
- **Utilities:** $54K
- **Jobs reported:** 189
## Lender
- **Originating:** Bank Independent
- **Servicing:** Bank Independent (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*