# PPP loan: LA PROMESA FOUNDATION
> **$447K** approved 01/28/2021 · Paid in Full · Loan `7405938303`
## Borrower
- **Name:** LA PROMESA FOUNDATION
- **Address:** 1903 S Lamesa Rd, Midland, TX, 79701-1706
- **NAICS:** 515111
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $447K
- **Initial approval:** $447K
- **Forgiven:** $408K (91%)
- **Forgiveness date:** 12/17/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $447K
- **Jobs reported:** 30
## Lender
- **Originating:** City Bank
- **Servicing:** City Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*