# PPP loan: FAULKNER UNIVERSITY
> **$3.65M** approved 04/27/2020 · Paid in Full · Loan `3861357207`
## Borrower
- **Name:** FAULKNER UNIVERSITY
- **Address:** 5345 Atlanta Highway, MONTGOMERY, AL, 36109-3323
- **NAICS:** 611310
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.65M
- **Initial approval:** $3.65M
- **Forgiven:** $3.70M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.74M
- **Rent:** $731K
- **Utilities:** $183K
- **Jobs reported:** 494
## Lender
- **Originating:** ServisFirst Bank
- **Servicing:** ServisFirst Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*