# PPP loan: NEW FOUND LIFE, INC.
> **$300K** approved 04/14/2020 · Paid in Full · Loan `7980407101`
## Borrower
- **Name:** NEW FOUND LIFE, INC.
- **Address:** 2211 E OCEAN BLVD, LONG BEACH, CA, 90803-2440
- **NAICS:** 623220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $300K
- **Initial approval:** $300K
- **Forgiven:** $302K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $300K
- **Jobs reported:** 29
## Lender
- **Originating:** Farmers & Merchants Bank of Long Beach
- **Servicing:** Farmers & Merchants Bank of Long Beach (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*