# PPP loan: PURPOSE FUNDING INC
> **$915K** approved 04/28/2020 · Paid in Full · Loan `1017917302`
## Borrower
- **Name:** PURPOSE FUNDING INC
- **Address:** 27651 La Paz Rd 200, LAGUNA NIGUEL, CA, 92677
- **NAICS:** 522298
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $915K
- **Initial approval:** $915K
- **Forgiven:** $930K (102%)
- **Forgiveness date:** 12/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $915K
- **Jobs reported:** 32
## Lender
- **Originating:** Simmons Bank
- **Servicing:** Simmons Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*