# PPP loan: NEWSOME MELTON, PA
> **$392K** approved 04/10/2020 · Paid in Full · Loan `2547227102`
## Borrower
- **Name:** NEWSOME MELTON, PA
- **Address:** 201 S ORANGE AVE, ORLANDO, FL, 32801-3403
- **NAICS:** 541110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $392K
- **Initial approval:** $392K
- **Forgiven:** $395K (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $293K
- **Rent:** $45K
- **Utilities:** $8K
- **Health care:** $46K
- **Jobs reported:** 27
## Lender
- **Originating:** Cogent Bank
- **Servicing:** Cogent Bank (FL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*