# PPP loan: THE NEW OPTION INTERNATIONAL INC.
> **$993K** approved 03/15/2021 · Charged Off · Loan `2634878604`
## Borrower
- **Name:** THE NEW OPTION INTERNATIONAL INC.
- **Address:** 1270 Picador Blvd Ste B, San Diego, CA, 92154-3565
- **NAICS:** 115114
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $993K
- **Initial approval:** $993K
- **Status:** Charged Off
- **Term:** 37 months
## Use of funds
- **Payroll:** $993K
- **Utilities:** $1
- **Jobs reported:** 270
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*