# PPP loan: CHILDRENS HOPE
> **$1.01M** approved 04/15/2020 · Exemption 4 · Loan `2078347208`
## Borrower
- **Name:** CHILDRENS HOPE
- **Address:** 2526 82nd St suite A, Lubbock, TX, 79423
- **NAICS:** 453998
- **Business type:** 501(c)3 ¿ Non Profit
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.01M
- **Initial approval:** $1.01M
- **Forgiven:** $994K (99%)
- **Forgiveness date:** 02/01/2022
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $1.01M
- **Jobs reported:** 115
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Customers Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*