# PPP loan: COVENANT LIFE CHURCH, INC.
> **$371K** approved 04/08/2020 · Paid in Full · Loan `8198777003`
## Borrower
- **Name:** COVENANT LIFE CHURCH, INC.
- **Address:** 7501 Muncaster Mill Road, GAITHERSBURG, MD, 20877-3814
- **NAICS:** 813110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $371K
- **Initial approval:** $371K
- **Forgiven:** $373K (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $371K
- **Jobs reported:** 34
## Lender
- **Originating:** Sandy Spring Bank
- **Servicing:** Sandy Spring Bank (MD)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*