# PPP loan: NEW PROCESS FIBRE CO
> **$723K** approved 03/29/2021 · Paid in Full · Loan `2548878706`
## Borrower
- **Name:** NEW PROCESS FIBRE CO
- **Address:** 12655 First St 12655 First St, Greenwood, DE, 19950-4864
- **NAICS:** 326199
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $723K
- **Initial approval:** $723K
- **Forgiven:** $732K (101%)
- **Forgiveness date:** 07/15/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $723K
- **Utilities:** $1
- **Jobs reported:** 62
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*