# PPP loan: THE NEWTON ENGINEERING GROUP PC
> **$209K** approved 04/16/2020 · Paid in Full · Loan `3119087204`
## Borrower
- **Name:** THE NEWTON ENGINEERING GROUP PC
- **Address:** 6235 Hamilton Blvd Suite 212, Allentown, PA, 18106
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $209K
- **Initial approval:** $209K
- **Forgiven:** $212K (101%)
- **Forgiveness date:** 07/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $157K
- **Rent:** $26K
- **Health care:** $26K
- **Jobs reported:** 14
## Lender
- **Originating:** Fulton Bank, National Association
- **Servicing:** Fulton Bank, National Association (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*