# PPP loan: NEWHART PRODUCTS INC
> **$228K** approved 05/01/2020 · Paid in Full · Loan `2638837702`
## Borrower
- **Name:** NEWHART PRODUCTS INC
- **Address:** 80 COLLINGSDALE DR, MILFORD, CT, 06461
- **NAICS:** 423510
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $228K
- **Initial approval:** $228K
- **Forgiven:** $74K (33%)
- **Forgiveness date:** 03/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $200K
- **Utilities:** $28K
- **Jobs reported:** 21
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*