# PPP loan: NUEVA ESPERANZA INC.
> **$1.00M** approved 04/16/2020 · Paid in Full · Loan `2425837208`
## Borrower
- **Name:** NUEVA ESPERANZA INC.
- **Address:** 4251 N 5th Street, Philadelphia, PA, 19140
- **NAICS:** 611110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.00M
- **Initial approval:** $1.00M
- **Forgiven:** $1.01M (101%)
- **Forgiveness date:** 04/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.00M
- **Jobs reported:** 86
## Lender
- **Originating:** Santander Bank, National Association
- **Servicing:** Santander Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*