# PPP loan: THE NEW HORIZONTE CORPORATION
> **$270K** approved 05/28/2020 · Paid in Full · Loan `4255637801`
## Borrower
- **Name:** THE NEW HORIZONTE CORPORATION
- **Address:** 4114 MERCEDES WAY, EDGEWOOD, NY, 11717-8334
- **NAICS:** 424410
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $270K
- **Initial approval:** $270K
- **Forgiven:** $273K (101%)
- **Forgiveness date:** 09/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $270K
- **Jobs reported:** 34
## Lender
- **Originating:** Ponce Bank
- **Servicing:** Ponce Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*