# PPP loan: NEWONICS INC.
> **$321K** approved 03/27/2021 · Paid in Full · Loan `1821618706`
## Borrower
- **Name:** NEWONICS INC.
- **Address:** 1883 S 5070 W, Salt Lake City, UT, 84104-4731
- **NAICS:** 334418
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $321K
- **Initial approval:** $321K
- **Forgiven:** $326K (102%)
- **Forgiveness date:** 11/09/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $321K
- **Utilities:** $1
- **Jobs reported:** 38
## Lender
- **Originating:** Zions Bank, A Division of
- **Servicing:** Zions Bank, A Division of (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*