# PPP loan: CHOWAN UNIVERSITY
> **$2.53M** approved 05/07/2020 · Paid in Full · Loan `3604057406`
## Borrower
- **Name:** CHOWAN UNIVERSITY
- **Address:** 1 UNIVERSITY PL, MURFREESBORO, NC, 27855-1855
- **NAICS:** 611310
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.53M
- **Initial approval:** $2.53M
- **Forgiven:** $2.56M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.53M
- **Jobs reported:** 391
## Lender
- **Originating:** Southern Bank and Trust Company
- **Servicing:** Southern Bank and Trust Company (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*