# PPP loan: NEW HOPE CAROLINAS INC
> **$2.56M** approved 04/07/2020 · Paid in Full · Loan `7219237000`
## Borrower
- **Name:** NEW HOPE CAROLINAS INC
- **Address:** 7515 Northside Dr Ste 200, North Charleston, SC, 29420-4211
- **NAICS:** 623220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.56M
- **Initial approval:** $2.56M
- **Forgiven:** $2.58M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.56M
- **Jobs reported:** 348
## Lender
- **Originating:** West Town Bank & Trust
- **Servicing:** West Town Bank & Trust (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*