# PPP loan: NEW LIFE HOLINESS BK
> **$150K** approved 06/10/2020 · Paid in Full · Loan `1547717908`
## Borrower
- **Name:** NEW LIFE HOLINESS BK
- **Address:** 5680 Winchester Road, Memphis, TN, 38115-4709
- **NAICS:** 812990
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $150K
- **Initial approval:** $150K
- **Forgiven:** $152K (101%)
- **Forgiveness date:** 10/18/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $150K
- **Jobs reported:** 7
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Celtic Bank Corporation (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*