# PPP loan: CHURCH OF THE VALLEY RETIREMENT HOMES, INC.
> **$426K** approved 04/28/2020 · Paid in Full · Loan `1616847307`
## Borrower
- **Name:** CHURCH OF THE VALLEY RETIREMENT HOMES, INC.
- **Address:** 390 N Winchester Blvd., SANTA CLARA, CA, 95050
- **NAICS:** 623312
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $426K
- **Initial approval:** $426K
- **Forgiven:** $431K (101%)
- **Forgiveness date:** 06/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $320K
- **Mortgage interest:** $21K
- **Utilities:** $85K
- **Jobs reported:** 38
## Lender
- **Originating:** United Business Bank
- **Servicing:** United Business Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*