# PPP loan: NEW HORIZONS RANCH & CENTER INC.
> **$1.50M** approved 04/07/2020 · Paid in Full · Loan `7196047009`
## Borrower
- **Name:** NEW HORIZONS RANCH & CENTER INC.
- **Address:** 147 SAYLES BLVD, ABILENE, TX, 79605-2001
- **NAICS:** 624110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.50M
- **Initial approval:** $1.50M
- **Forgiven:** $1.51M (101%)
- **Forgiveness date:** 05/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.12M
- **Utilities:** $374K
- **Jobs reported:** 166
## Lender
- **Originating:** First Financial Bank
- **Servicing:** First Financial Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*