# PPP loan: NEWTON OIL COMPANY INC.
> **$387K** approved 02/05/2021 · Paid in Full · Loan `3958648410`
## Borrower
- **Name:** NEWTON OIL COMPANY INC.
- **Address:** 3150 S 460 E, Lafayette, IN, 47905-7725
- **NAICS:** 424720
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $387K
- **Initial approval:** $387K
- **Forgiven:** $393K (101%)
- **Forgiveness date:** 06/15/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $387K
- **Utilities:** $1
- **Jobs reported:** 23
## Lender
- **Originating:** First Merchants Bank
- **Servicing:** First Merchants Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*