# PPP loan: CONVERSE COLLEGE
> **$3.06M** approved 04/07/2020 · Paid in Full · Loan `7605797002`
## Borrower
- **Name:** CONVERSE COLLEGE
- **Address:** 580 E. MAIN ST, SPARTANBURG, SC, 29302-0006
- **NAICS:** 611310
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.06M
- **Initial approval:** $3.06M
- **Forgiven:** $3.10M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.68M
- **Rent:** $8K
- **Utilities:** $193K
- **Debt interest:** $187K
- **Jobs reported:** 482
## 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*