# PPP loan: NEW LIFE CHURCH
> **$1.78M** approved 04/07/2020 · Paid in Full · Loan `6859337010`
## Borrower
- **Name:** NEW LIFE CHURCH
- **Address:** 11025 VOYAGER PKWY, COLORADO SPRINGS, CO, 80921-3623
- **NAICS:** 813110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.78M
- **Initial approval:** $1.78M
- **Forgiven:** $1.80M (101%)
- **Forgiveness date:** 05/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.55M
- **Rent:** $40K
- **Mortgage interest:** $115K
- **Utilities:** $75K
- **Jobs reported:** 163
## Lender
- **Originating:** Integrity Bank & Trust
- **Servicing:** Integrity Bank & Trust (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*