# PPP loan: NEW WORLD EDUCATIONAL CENTER
> **$229K** approved 08/02/2020 · Paid in Full · Loan `2515768200`
## Borrower
- **Name:** NEW WORLD EDUCATIONAL CENTER
- **Address:** 5818 N. 7TH ST, PHOENIX, AZ, 85014-5806
- **NAICS:** 611110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $229K
- **Initial approval:** $229K
- **Forgiven:** $230K (101%)
- **Forgiveness date:** 04/12/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $229K
- **Jobs reported:** 36
## Lender
- **Originating:** Raza Development Fund, Inc.
- **Servicing:** Raza Development Fund, Inc. (AZ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*