# PPP loan: SPALDING UNIVERSITY INC
> **$4.62M** approved 04/13/2020 · Exemption 4 · Loan `5656557110`
## Borrower
- **Name:** SPALDING UNIVERSITY INC
- **Address:** 845 S. Third St., LOUISVILLE, KY, 40203-2213
- **NAICS:** 611310
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.62M
- **Initial approval:** $4.62M
- **Forgiven:** $4.23M (92%)
- **Forgiveness date:** 10/07/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $4.62M
- **Jobs reported:** 410
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*