# PPP loan: NEWPORT BEACH RECOVERY CENTER
> **$154K** approved 05/07/2020 · Paid in Full · Loan `3478227407`
## Borrower
- **Name:** NEWPORT BEACH RECOVERY CENTER
- **Address:** 3345 Newport Blvd. Suite 211, NEWPORT BEACH, CA, 92663
- **NAICS:** 621420
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $154K
- **Initial approval:** $154K
- **Forgiven:** $156K (101%)
- **Forgiveness date:** 07/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $116K
- **Rent:** $31K
- **Health care:** $7K
- **Jobs reported:** 15
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*