# PPP loan: NEWPORT PUBLIC LIBRARY
> **$224K** approved 06/12/2020 · Paid in Full · Loan `2838547910`
## Borrower
- **Name:** NEWPORT PUBLIC LIBRARY
- **Address:** 300 Spring Street, NEWPORT, RI, 02840-6800
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $224K
- **Initial approval:** $224K
- **Forgiven:** $226K (101%)
- **Forgiveness date:** 05/18/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $224K
- **Jobs reported:** 35
## Lender
- **Originating:** BankNewport
- **Servicing:** BankNewport (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*