# PPP loan: NEW TEACHER CENTER
> **$3.07M** approved 04/13/2020 · Paid in Full · Loan `4180017100`
## Borrower
- **Name:** NEW TEACHER CENTER
- **Address:** 1205 Pacific Avenue, Suite 301, SANTA CRUZ, CA, 95060-3914
- **NAICS:** 923130
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.07M
- **Initial approval:** $3.07M
- **Forgiven:** $3.12M (102%)
- **Forgiveness date:** 01/13/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.30M
- **Rent:** $384K
- **Utilities:** $384K
- **Jobs reported:** 133
## Lender
- **Originating:** Santa Cruz County Bank
- **Servicing:** Santa Cruz County Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*