# PPP loan: NEW HOPE, INC.
> **$518K** approved 04/14/2020 · Paid in Full · Loan `6917577109`
## Borrower
- **Name:** NEW HOPE, INC.
- **Address:** 247 MAPLE ST, ATTLEBORO, MA, 02703-4243
- **NAICS:** 624221
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $518K
- **Initial approval:** $518K
- **Forgiven:** $523K (101%)
- **Forgiveness date:** 03/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $339K
- **Mortgage interest:** $90K
- **Utilities:** $90K
- **Jobs reported:** 68
## Lender
- **Originating:** Bristol County Savings Bank
- **Servicing:** Bristol County Savings Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*