# PPP loan: FREED-HARDEMAN UNIVERSITY
> **$3.81M** approved 04/08/2020 · Paid in Full · Loan `8658087010`
## Borrower
- **Name:** FREED-HARDEMAN UNIVERSITY
- **Address:** 158 EAST MAIN STREET, HENDERSON, TN, 38340-2306
- **NAICS:** 611310
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.81M
- **Initial approval:** $3.81M
- **Forgiven:** $3.85M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.43M
- **Mortgage interest:** $163K
- **Utilities:** $203K
- **Health care:** $10K
- **Debt interest:** $7K
- **Jobs reported:** 380
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*