# PPP loan: NEW LIFE VENTURE CORP
> **$607K** approved 05/01/2020 · Exemption 4 · Loan `7075077708`
## Borrower
- **Name:** NEW LIFE VENTURE CORP
- **Address:** 226 west e street, ontario, CA, 91762
- **NAICS:** 541618
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $607K
- **Initial approval:** $607K
- **Forgiven:** $385K (63%)
- **Forgiveness date:** 05/21/2021
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $436K
- **Jobs reported:** 25
## Lender
- **Originating:** Citibank, N.A.
- **Servicing:** Citibank, N.A. (SD)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*