# PPP loan: NEW STANDARD CORPORATION
> **$4.01M** approved 04/12/2020 · Paid in Full · Loan `3889437100`
## Borrower
- **Name:** NEW STANDARD CORPORATION
- **Address:** 74 Commerce Way, YORK, PA, 17406-8038
- **NAICS:** 332119
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.01M
- **Initial approval:** $4.01M
- **Forgiven:** $4.06M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.66M
- **Rent:** $50K
- **Mortgage interest:** $100K
- **Utilities:** $200K
- **Jobs reported:** 292
## Lender
- **Originating:** Orrstown Bank
- **Servicing:** Orrstown Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*