# PPP loan: CARSON-NEWMAN UNIVERSITY
> **$3.94M** approved 04/14/2020 · Paid in Full · Loan `7232347101`
## Borrower
- **Name:** CARSON-NEWMAN UNIVERSITY
- **Address:** 1646 Russell Ave, JEFFERSON CITY, TN, 37760
- **NAICS:** 611310
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.94M
- **Initial approval:** $3.94M
- **Forgiven:** $3.99M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.40M
- **Utilities:** $269K
- **Health care:** $199K
- **Debt interest:** $76K
- **Jobs reported:** 456
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*