# PPP loan: NEW WORLD EMPIRE TRADING INC
> **$245K** approved 06/11/2020 · Charged Off · Loan `2280997905`
## Borrower
- **Name:** NEW WORLD EMPIRE TRADING INC
- **Address:** 12925 Riverside Dr Suite 200, Sherman Oaks, CA, 91423-2209
- **NAICS:** 424590
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $245K
- **Initial approval:** $245K
- **Status:** Charged Off
- **Term:** 34 months
## Use of funds
- **Payroll:** $245K
- **Jobs reported:** 22
## Lender
- **Originating:** WebBank
- **Servicing:** WebBank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*