# PPP loan: NEW POWER INC.
> **$576K** approved 02/06/2021 · Paid in Full · Loan `4089698405`
## Borrower
- **Name:** NEW POWER INC.
- **Address:** 887 Marlborough Ave, Riverside, CA, 92507-2133
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $576K
- **Initial approval:** $576K
- **Forgiven:** $580K (101%)
- **Forgiveness date:** 10/27/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $576K
- **Jobs reported:** 54
## Lender
- **Originating:** Sunwest Bank
- **Servicing:** Sunwest Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*