# PPP loan: NEW HOPE RESIDENTIAL SERVICES, INC
> **$158K** approved 05/01/2020 · Paid in Full · Loan `8723697307`
## Borrower
- **Name:** NEW HOPE RESIDENTIAL SERVICES, INC
- **Address:** 901 Broad St Suite 101, SUMMERSVILLE, WV, 26651-1708
- **NAICS:** 624120
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $158K
- **Initial approval:** $13K
- **Forgiven:** $159K (101%)
- **Forgiveness date:** 03/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $158K
- **Jobs reported:** 27
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*