# PPP loan: MEMPHIS THEOLOGICAL SEMINARY OF THE CUMBERLAND PRESBYTERIAN
> **$425K** approved 04/05/2020 · Paid in Full · Loan `5476197003`
## Borrower
- **Name:** MEMPHIS THEOLOGICAL SEMINARY OF THE CUMBERLAND PRESBYTERIAN
- **Address:** 168 E PARKWAY S, MEMPHIS, TN, 38104-4340
- **NAICS:** 611310
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $425K
- **Initial approval:** $425K
- **Forgiven:** $429K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $340K
- **Mortgage interest:** $43K
- **Utilities:** $43K
- **Jobs reported:** 48
## Lender
- **Originating:** The Peoples Bank
- **Servicing:** The Peoples Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*