# PPP loan: NEWTOWN MOTEL ASSOCIATES, L.C.
> **$163K** approved 04/10/2020 · Paid in Full · Loan `1756897106`
## Borrower
- **Name:** NEWTOWN MOTEL ASSOCIATES, L.C.
- **Address:** 2829 Guardian Lane Suite 120, VIRGINIA BEACH, VA, 23452-7328
- **NAICS:** 721110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $163K
- **Initial approval:** $163K
- **Forgiven:** $164K (101%)
- **Forgiveness date:** 04/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $163K
- **Jobs reported:** 40
## Lender
- **Originating:** Atlantic Union Bank
- **Servicing:** Atlantic Union Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*