# PPP loan: COVENANT HOUSE CALIFORNIA
> **$1.98M** approved 05/01/2020 · Paid in Full · Loan `7035427701`
## Borrower
- **Name:** COVENANT HOUSE CALIFORNIA
- **Address:** 1325 N Western Ave, Los Angeles, CA, 90027
- **NAICS:** 623990
- **Business type:** Non-Profit Organization
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.98M
- **Initial approval:** $1.98M
- **Forgiven:** $2.00M (101%)
- **Forgiveness date:** 07/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.98M
- **Jobs reported:** 201
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*