# PPP loan: LOUISBURG COLLEGE, INC.
> **$1.12M** approved 04/07/2020 · Paid in Full · Loan `7186927009`
## Borrower
- **Name:** LOUISBURG COLLEGE, INC.
- **Address:** 501 N Main St, LOUISBURG, NC, 27549-2335
- **NAICS:** 611210
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.12M
- **Initial approval:** $1.12M
- **Forgiven:** $1.13M (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.12M
- **Jobs reported:** 226
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*