# PPP loan: MARS HILL UNIVERSITY
> **$3.05M** approved 05/07/2020 · Exemption 4 · Loan `3438957409`
## Borrower
- **Name:** MARS HILL UNIVERSITY
- **Address:** 100 ATHLETIC STREET, MARS HILL, NC, 28754
- **NAICS:** 611310
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.05M
- **Initial approval:** $3.05M
- **Forgiven:** $2.96M (97%)
- **Forgiveness date:** 06/16/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $3.05M
- **Jobs reported:** 325
## Lender
- **Originating:** TD Bank, National Association
- **Servicing:** TD Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*