# PPP loan: BETHEL NEW LIFE, INC.
> **$221K** approved 04/10/2020 · Exemption 4 · Loan `1924647101`
## Borrower
- **Name:** BETHEL NEW LIFE, INC.
- **Address:** 4950 W. Thomas St., CHICAGO, IL, 60651-3118
- **NAICS:** 531110
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $221K
- **Initial approval:** $221K
- **Forgiven:** $200K (90%)
- **Forgiveness date:** 05/21/2021
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $221K
- **Jobs reported:** 8
## Lender
- **Originating:** CIBC Bank USA
- **Servicing:** CIBC Bank USA (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*