# PPP loan: NEW BRIDGE FOUNDATION
> **$614K** approved 04/15/2020 · Paid in Full · Loan `8057887106`
## Borrower
- **Name:** NEW BRIDGE FOUNDATION
- **Address:** 2323 HEARST AVE, BERKELEY, CA, 94619
- **NAICS:** 813990
- **Business type:** Non-Profit Organization
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $614K
- **Initial approval:** $708K
- **Forgiven:** $621K (101%)
- **Forgiveness date:** 05/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $614K
- **Jobs reported:** 64
## Lender
- **Originating:** Mechanics Bank
- **Servicing:** Mechanics Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*