# PPP loan: UNIVERSITY OF MOBILE
> **$2.46M** approved 04/06/2020 · Paid in Full · Loan `6338087001`
## Borrower
- **Name:** UNIVERSITY OF MOBILE
- **Address:** 5735 COLLEGE PKWY, EIGHT MILE, AL, 36613-2842
- **NAICS:** 611310
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.46M
- **Initial approval:** $2.46M
- **Forgiven:** $2.50M (101%)
- **Forgiveness date:** 07/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.85M
- **Utilities:** $370K
- **Health care:** $246K
- **Jobs reported:** 250
## Lender
- **Originating:** Community Bank of Mississippi
- **Servicing:** Community Bank of Mississippi (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*