# PPP loan: SACRED HEART MAJOR SEMINARY INC
> **$867K** approved 05/01/2020 · Paid in Full · Loan `3219597702`
## Borrower
- **Name:** SACRED HEART MAJOR SEMINARY INC
- **Address:** 2701 W CHICAGO, DETROIT, MI, 48206
- **NAICS:** 611310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $867K
- **Initial approval:** $867K
- **Forgiven:** $876K (101%)
- **Forgiveness date:** 06/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $677K
- **Rent:** $190K
- **Jobs reported:** 500
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*