# PPP loan: NEW DIRECTION UTILITIES, INC.
> **$980K** approved 04/29/2020 · Paid in Full · Loan `2014487303`
## Borrower
- **Name:** NEW DIRECTION UTILITIES, INC.
- **Address:** 21616 Kelso Drive, Hagerstown, MD, 21742
- **NAICS:** 221122
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $980K
- **Initial approval:** $980K
- **Forgiven:** $988K (101%)
- **Forgiveness date:** 03/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $859K
- **Utilities:** $2K
- **Health care:** $109K
- **Debt interest:** $10K
- **Jobs reported:** 72
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*