# PPP loan: NEWPORT FESTIVALS FOUNDATION INC
> **$252K** approved 04/15/2020 · Paid in Full · Loan `1281047202`
## Borrower
- **Name:** NEWPORT FESTIVALS FOUNDATION INC
- **Address:** 74 Martin St., Rear, Essex, MA, 01929
- **NAICS:** 711310
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $252K
- **Initial approval:** $252K
- **Forgiven:** $253K (101%)
- **Forgiveness date:** 11/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $252K
- **Jobs reported:** 43
## Lender
- **Originating:** Citizens Bank, National Association
- **Servicing:** Citizens Bank, National Association (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*