# PPP loan: RICHARD K. NEWMAN AND ASSOCIATES, INC.
> **$1.01M** approved 04/27/2020 · Paid in Full · Loan `4177577201`
## Borrower
- **Name:** RICHARD K. NEWMAN AND ASSOCIATES, INC.
- **Address:** 121 Monterey Street, Bakersfield, CA, 93305
- **NAICS:** 812320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.01M
- **Initial approval:** $1.01M
- **Forgiven:** $1.02M (101%)
- **Forgiveness date:** 04/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.01M
- **Jobs reported:** 118
## Lender
- **Originating:** Tri Counties Bank
- **Servicing:** Tri Counties Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*