# PPP loan: DREW UNIVERSITY
> **$7.04M** approved 07/27/2020 · Paid in Full · Loan `8796348108`
## Borrower
- **Name:** DREW UNIVERSITY
- **Address:** 36 Madison Avenue, Madison, NJ, 07940
- **NAICS:** 611310
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $7.04M
- **Initial approval:** $7.04M
- **Forgiven:** $7.10M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $7.04M
- **Jobs reported:** 471
## Lender
- **Originating:** Fundbox, Inc.
- **Servicing:** Fundbox, Inc. (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*