# PPP loan: KING UNIVERSITY
> **$3.11M** approved 04/09/2020 · Paid in Full · Loan `8968997007`
## Borrower
- **Name:** KING UNIVERSITY
- **Address:** 1350 KING COLLEGE ROAD, BRISTOL, TN, 37620-2632
- **NAICS:** 611310
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.11M
- **Initial approval:** $3.11M
- **Forgiven:** $3.15M (101%)
- **Forgiveness date:** 07/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.42M
- **Rent:** $317K
- **Utilities:** $241K
- **Health care:** $129K
- **Jobs reported:** 348
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*