# PPP loan: ALVERNIA UNIVERSITY
> **$5.92M** approved 04/28/2020 · Paid in Full · Loan `7150427206`
## Borrower
- **Name:** ALVERNIA UNIVERSITY
- **Address:** 400 Saint Bernardine Street, Reading, PA, 19607
- **NAICS:** 923110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.92M
- **Initial approval:** $5.30M
- **Forgiven:** $5.99M (101%)
- **Forgiveness date:** 06/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $5.92M
- **Jobs reported:** 395
## Lender
- **Originating:** Fulton Bank, National Association
- **Servicing:** Fulton Bank, National Association (PA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*