# PPP loan: CUMBERLAND UNIVERSITY
> **$2.44M** approved 04/05/2020 · Paid in Full · Loan `5128557008`
## Borrower
- **Name:** CUMBERLAND UNIVERSITY
- **Address:** 1 CUMBERLAND SQ, LEBANON, TN, 37087-3408
- **NAICS:** 611310
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.44M
- **Initial approval:** $2.44M
- **Forgiven:** $2.47M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.83M
- **Mortgage interest:** $610K
- **Jobs reported:** 250
## Lender
- **Originating:** CedarStone Bank
- **Servicing:** CedarStone Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*