# PPP loan: THE METHODIST UNIVERSITY, INC
> **$5.19M** approved 06/05/2020 · Paid in Full · Loan `8350277807`
## Borrower
- **Name:** THE METHODIST UNIVERSITY, INC
- **Address:** 5400 Ramsey Street, FAYETTEVILLE, NC, 28311
- **NAICS:** 611310
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.19M
- **Initial approval:** $4.75M
- **Forgiven:** $5.24M (101%)
- **Forgiveness date:** 06/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $5.19M
- **Jobs reported:** 490
## Lender
- **Originating:** North State Bank
- **Servicing:** North State Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*