# PPP loan: NEW BEGINNING HOMES
> **$174K** approved 02/11/2021 · Charged Off · Loan `7016268408`
## Borrower
- **Name:** NEW BEGINNING HOMES
- **Address:** 44449 Benald St, Lancaster, CA, 93535-3440
- **NAICS:** 624221
- **Business type:** 501(c)3 ¿ Non Profit
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $174K
- **Initial approval:** $174K
- **Status:** Charged Off
- **Term:** 25 months
## Use of funds
- **Payroll:** $174K
- **Jobs reported:** 72
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Readycap Lending, LLC (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*