# PPP loan: NEWPORT STRATEGIC SEARCH, INC.
> **$261K** approved 04/16/2020 · Paid in Full · Loan `2603227206`
## Borrower
- **Name:** NEWPORT STRATEGIC SEARCH, INC.
- **Address:** 175 Calle Magdalena, Suite 200, ENCINITAS, CA, 92024
- **NAICS:** 561311
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $261K
- **Initial approval:** $261K
- **Forgiven:** $263K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $261K
- **Jobs reported:** 10
## Lender
- **Originating:** Zions Bank, A Division of
- **Servicing:** Zions Bank, A Division of (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*