# PPP loan: NEWARK WIRE CLOTH COMPANY
> **$445K** approved 04/11/2020 · Paid in Full · Loan `3404777100`
## Borrower
- **Name:** NEWARK WIRE CLOTH COMPANY
- **Address:** 160 FORNELIUS AVE, CLIFTON, NJ, 07013-1844
- **NAICS:** 332618
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $445K
- **Initial approval:** $445K
- **Forgiven:** $427K (96%)
- **Forgiveness date:** 08/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $445K
- **Jobs reported:** 30
## Lender
- **Originating:** TD Bank, National Association
- **Servicing:** TD Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*