# PPP loan: NEW LIFE COVENANT
> **$332K** approved 04/14/2020 · Paid in Full · Loan `7112207100`
## Borrower
- **Name:** NEW LIFE COVENANT
- **Address:** 2704 W NORTH AVE, CHICAGO, IL, 60647-5237
- **NAICS:** 813110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $332K
- **Initial approval:** $332K
- **Forgiven:** $336K (101%)
- **Forgiveness date:** 08/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $332K
- **Jobs reported:** 51
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*