# PPP loan: AUSTIN COLLEGE
> **$4.57M** approved 04/06/2020 · Paid in Full · Loan `6290777007`
## Borrower
- **Name:** AUSTIN COLLEGE
- **Address:** 900 N GRAND AVE, SHERMAN, TX, 75090-4400
- **NAICS:** 611310
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.57M
- **Initial approval:** $4.57M
- **Forgiven:** $4.62M (101%)
- **Forgiveness date:** 06/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.50M
- **Mortgage interest:** $381K
- **Utilities:** $200K
- **Health care:** $490K
- **Jobs reported:** 338
## Lender
- **Originating:** First United Bank and Trust Company
- **Servicing:** First United Bank and Trust Company (OK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*