# PPP loan: HOPE II INC.
> **$160K** approved 02/19/2021 · Paid in Full · Loan `1750488510`
## Borrower
- **Name:** HOPE II INC.
- **Address:** 13 Centre St Unit 1, New Bedford, MA, 02740-6381
- **NAICS:** 114112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $160K
- **Initial approval:** $160K
- **Forgiven:** $161K (100%)
- **Forgiveness date:** 08/19/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $160K
- **Utilities:** $1
- **Jobs reported:** 12
## Lender
- **Originating:** Fall River Five Cents Savings Bank d/b/a BankFive
- **Servicing:** Fall River Five Cents Savings Bank d/b/a BankFive (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*