# PPP loan: NEW HOPE HOUSING INCORPORATED
> **$1.09M** approved 04/09/2020 · Paid in Full · Loan `1037807105`
## Borrower
- **Name:** NEW HOPE HOUSING INCORPORATED
- **Address:** 8407 RICHMOND HWY, ALEXANDRIA, VA, 22309-2426
- **NAICS:** 624221
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.09M
- **Initial approval:** $1.09M
- **Forgiven:** $1.10M (101%)
- **Forgiveness date:** 09/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.09M
- **Jobs reported:** 179
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*