# PPP loan: MEMPHIS UNIVERSITY SCHOOL
> **$1.42M** approved 04/11/2020 · Paid in Full · Loan `3405837107`
## Borrower
- **Name:** MEMPHIS UNIVERSITY SCHOOL
- **Address:** 6191 Park Ave, MEMPHIS, TN, 38119-5305
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.42M
- **Initial approval:** $1.42M
- **Forgiven:** $1.43M (101%)
- **Forgiveness date:** 05/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.42M
- **Jobs reported:** 124
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*