# PPP loan: NEWPORT COAST CHILD DEV/PRESCH
> **$268K** approved 03/15/2021 · Paid in Full · Loan `2694038601`
## Borrower
- **Name:** NEWPORT COAST CHILD DEV/PRESCH
- **Address:** 2350 Ford Rd, Newport Beach, CA, 92660-5400
- **NAICS:** 624410
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $268K
- **Initial approval:** $268K
- **Forgiven:** $270K (101%)
- **Forgiveness date:** 11/17/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $268K
- **Utilities:** $1
- **Jobs reported:** 24
## Lender
- **Originating:** The Northern Trust Company
- **Servicing:** The Northern Trust Company (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*