# PPP loan: NEW HORIZON AVIATION INC.
> **$196K** approved 01/21/2021 · Paid in Full · Loan `3313178305`
## Borrower
- **Name:** NEW HORIZON AVIATION INC.
- **Address:** 530 Airport Rd, Warwick, RI, 02886-2422
- **NAICS:** 611512
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $196K
- **Initial approval:** $196K
- **Forgiven:** $196K (100%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $195K
- **Utilities:** $1
- **Jobs reported:** 17
## Lender
- **Originating:** Centreville Bank
- **Servicing:** Centreville Bank (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*