# PPP loan: SOUTHERN VIRGINIA UNIVERSITY
> **$2.40M** approved 04/08/2020 · Paid in Full · Loan `8163147002`
## Borrower
- **Name:** SOUTHERN VIRGINIA UNIVERSITY
- **Address:** 1 UNIVERSITY HILL DR, BUENA VISTA, VA, 24416-3038
- **NAICS:** 611310
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.40M
- **Initial approval:** $2.40M
- **Forgiven:** $2.43M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.20M
- **Mortgage interest:** $68K
- **Utilities:** $125K
- **Jobs reported:** 375
## Lender
- **Originating:** The Old Point National Bank of Phoebus
- **Servicing:** The Old Point National Bank of Phoebus (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*