# PPP loan: NEWSTEAD RANCH, INC.
> **$2.74M** approved 04/10/2020 · Paid in Full · Loan `1888437110`
## Borrower
- **Name:** NEWSTEAD RANCH, INC.
- **Address:** 5411 DAVISON RD, CLARENCE, NY, 14031-1350
- **NAICS:** 112310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.74M
- **Initial approval:** $2.74M
- **Forgiven:** $2.78M (101%)
- **Forgiveness date:** 07/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.43M
- **Rent:** $64K
- **Mortgage interest:** $60K
- **Utilities:** $193K
- **Jobs reported:** 291
## Lender
- **Originating:** First Pioneer Farm Credit,  ACA
- **Servicing:** First Pioneer Farm Credit,  ACA (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*