# PPP loan: THE BETA FOUNDATION
> **$761K** approved 04/11/2020 · Paid in Full · Loan `2769137105`
## Borrower
- **Name:** THE BETA FOUNDATION
- **Address:** 9701 ALMEDA GENOA RD BLDG F, HOUSTON, TX, 77075-2411
- **NAICS:** 611110
- **Business type:** Non-Profit Childcare Center
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $761K
- **Initial approval:** $761K
- **Forgiven:** $767K (101%)
- **Forgiveness date:** 01/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $585K
- **Rent:** $86K
- **Mortgage interest:** $51K
- **Health care:** $39K
- **Jobs reported:** 120
## Lender
- **Originating:** Independent Bank d/b/a Independent Financial
- **Servicing:** Independent Bank d/b/a Independent Financial (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*