# PPP loan: NEW HOPE THERAPY
> **$208K** approved 04/06/2020 · Paid in Full · Loan `6184997010`
## Borrower
- **Name:** NEW HOPE THERAPY
- **Address:** 105 GRAND RIDGE TER, HOT SPRINGS NATIONAL PARK, AR, 71901-9219
- **NAICS:** 621340
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $208K
- **Initial approval:** $208K
- **Forgiven:** $209K (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $164K
- **Rent:** $10K
- **Mortgage interest:** $8K
- **Utilities:** $16K
- **Health care:** $9K
- **Jobs reported:** 16
## Lender
- **Originating:** The Malvern National Bank
- **Servicing:** The Malvern National Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*