PPP Loan information for La promise fund

$1,240,087

La promise fund was initially approved for PPP Loan of amount $1,240,087, the current approved amount is $1,240,087. The loan was approved on 04/15/2020 by The City National Bank reported 104 jobs and $1,240,087 was used to fund payroll.

La promise fund is Existing or more than 2 years old

LA PROMISE FUND

Date Approved

04/15/2020

SBA Office Code

0914

Processing Method

PPP

Borrower Name

LA PROMISE FUND

Borrower Address

1933 S Broadway Suite 1108

Borrower City

LOS ANGELES

Borrower State

CA

Borrower Zip

90007-0121

Loan Status Date

08/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1240087.00

Current Approval Amount

1240087.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

4924

Servicing Lender Name

City National Bank

Servicing Lender Address

555 S Flower St

Servicing Lender City

LOS ANGELES

Servicing Lender State

CA

Servicing Lender Zip

90071-2300

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

LOS ANGELES

Project County Name

LOS ANGELES

Project State

CA

Project Zip

90007-0121

CD

CA-34

Jobs Reported

104

NAICS Code

611110

Race

Unanswered

Ethnicity

Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1154335.46

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

85751.54

Debt Interest Proceed

0

Business Type

Non-Profit Organization

Originating Lender Location Id

4924

Originating Lender

City National Bank

Originating Lender City

LOS ANGELES

Originating Lender State

CA

Gender

Female Owned

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

1254900.09

Forgiveness Date

07/09/2021

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