# PPP loan: SPRING HILL COLLEGE
> **$2.65M** approved 04/05/2020 · Paid in Full · Loan `5405267003`
## Borrower
- **Name:** SPRING HILL COLLEGE
- **Address:** 4000 DAUPHIN ST, MOBILE, AL, 36608-1780
- **NAICS:** 611310
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.65M
- **Initial approval:** $2.65M
- **Forgiven:** $2.68M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.07M
- **Utilities:** $200K
- **Debt interest:** $376K
- **Jobs reported:** 381
## 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*