PPP Loan information for Better life adult day health center inc

$254,900

Better life adult day health center inc was initially approved for PPP Loan of amount $254,900, the current approved amount is $254,900. The loan was approved on 02/11/2021 by The Bank of Hope reported 36 jobs and $254,900 was used to fund payroll.

Better life adult day health center inc is Existing or more than 2 years old

BETTER LIFE ADULT DAY HEALTH CENTER INC

Date Approved

02/11/2021

SBA Office Code

0914

Processing Method

PPS

Borrower Name

BETTER LIFE ADULT DAY HEALTH CENTER INC

Borrower Address

13550 SHERMAN WAY SHERMAN WAY

Borrower City

VAN NUYS

Borrower State

CA

Borrower Zip

91405

Loan Status Date

04/21/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

254900.00

Current Approval Amount

254900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

110359

Servicing Lender Name

Bank of Hope

Servicing Lender Address

3200 Wilshire Blvd 1st Fl

Servicing Lender City

LOS ANGELES

Servicing Lender State

CA

Servicing Lender Zip

90010

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

VAN NUYS

Project County Name

LOS ANGELES

Project State

CA

Project Zip

91405

CD

CA-29

Jobs Reported

36

NAICS Code

624120

Race

Asian

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

254898.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

110359

Originating Lender

Bank of Hope

Originating Lender City

LOS ANGELES

Originating Lender State

CA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

257637.56

Forgiveness Date

03/17/2022

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