# PPP loan: NEWERA MANUFACTURING INC
> **$538K** approved 02/20/2021 · Paid in Full · Loan `2296518510`
## Borrower
- **Name:** NEWERA MANUFACTURING INC
- **Address:** 871 N 5300 W, Cedar City, UT, 84721-6520
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $538K
- **Initial approval:** $538K
- **Forgiven:** $541K (101%)
- **Forgiveness date:** 10/08/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $538K
- **Utilities:** $1
- **Jobs reported:** 68
## Lender
- **Originating:** State Bank of Southern Utah
- **Servicing:** State Bank of Southern Utah (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*