# PPP loan: NEW EVOLUTION CONSTRUCTION INC
> **$1.49M** approved 05/19/2020 · Paid in Full · Loan `8976057410`
## Borrower
- **Name:** NEW EVOLUTION CONSTRUCTION INC
- **Address:** 3769 TIBBETTS ST 3769 TIBBETTS ST STE D, RIVERSIDE, CA, 92506-2606
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.49M
- **Initial approval:** $1.40M
- **Forgiven:** $1.51M (102%)
- **Forgiveness date:** 12/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.49M
- **Jobs reported:** 238
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*