# PPP loan: FERRUM COLLEGE
> **$2.89M** approved 05/06/2020 · Paid in Full · Loan `2722927403`
## Borrower
- **Name:** FERRUM COLLEGE
- **Address:** 215 Ferrum Mountain Rd, FERRUM, VA, 24088-2611
- **NAICS:** 611310
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.89M
- **Initial approval:** $2.89M
- **Forgiven:** $2.92M (101%)
- **Forgiveness date:** 06/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.89M
- **Jobs reported:** 313
## Lender
- **Originating:** The First Bank and Trust Company
- **Servicing:** The First Bank and Trust Company (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*