# PPP loan: NEW DISTRIBUTING CO., INC.
> **$569K** approved 04/28/2020 · Paid in Full · Loan `1184597310`
## Borrower
- **Name:** NEW DISTRIBUTING CO., INC.
- **Address:** 4102 US Hwy 59 N, Victoria, TX, 77905-5592
- **NAICS:** 424720
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $569K
- **Initial approval:** $569K
- **Forgiven:** $571K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $569K
- **Jobs reported:** 33
## Lender
- **Originating:** Prosperity Bank
- **Servicing:** Prosperity Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*