# PPP loan: NEWCAP INC
> **$827K** approved 03/16/2021 · Exemption 4 · Loan `3288368605`
## Borrower
- **Name:** NEWCAP INC
- **Address:** 1201 Main St, Oconto, WI, 54153-1541
- **NAICS:** 813219
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $827K
- **Initial approval:** $827K
- **Forgiven:** $404K (49%)
- **Forgiveness date:** 01/13/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $827K
- **Utilities:** $1
- **Jobs reported:** 111
## Lender
- **Originating:** Bank First, N.A.
- **Servicing:** Bank First, N.A. (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*