# PPP loan: NEWELY INC.
> **$494K** approved 04/11/2020 · Paid in Full · Loan `3194687109`
## Borrower
- **Name:** NEWELY INC.
- **Address:** 1726 Bailey Trail, THE VILLAGES, FL, 32162-2282
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $494K
- **Initial approval:** $437K
- **Forgiven:** $498K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $494K
- **Jobs reported:** 72
## Lender
- **Originating:** BankUnited, National Association
- **Servicing:** BankUnited, National Association (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*