ALVERNIA UNIVERSITY (PA) - 2020 PPP Loan Borrower Profile (# 7150427206)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ALVERNIA UNIVERSITY. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Pennsylvania.

Loan Detail

Loan Number

7150427206

SBA Office Code

0303

Processing Method

PPP

Curent Loan Amount

$5,922,689

Date Loan was Approved

Apr 28, 2020

Amount Forgiven

$5,990,306.37

Date Loan was Forgiven

Jun 24, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

5,922,689

Lender

Fulton Bank, National Association

Business Detail

Business Type

Corporation

NAICS

923110

Borrower Location

Reading, PA

Project Location

Reading, PA

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

395

Business Age Description

Existing or more than 2 years old

Data Source: SBA.