# PPP loan: NEW PACIFIC DIRECT, INC.
> **$248K** approved 04/29/2020 · Paid in Full · Loan `3650997309`
## Borrower
- **Name:** NEW PACIFIC DIRECT, INC.
- **Address:** 7411 Central Avenue Suite B, NEWARK, CA, 94560-4203
- **NAICS:** 423210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $248K
- **Initial approval:** $248K
- **Forgiven:** $250K (101%)
- **Forgiveness date:** 03/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $186K
- **Rent:** $50K
- **Utilities:** $12K
- **Jobs reported:** 15
## Lender
- **Originating:** Axos Bank
- **Servicing:** Axos Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*