# PPP loan: NEWPORT CHEVROLET BUICK GMC, INC.
> **$594K** approved 04/03/2020 · Paid in Full · Loan `4393677005`
## Borrower
- **Name:** NEWPORT CHEVROLET BUICK GMC, INC.
- **Address:** 320 JOHN STARK HWY, NEWPORT, NH, 03773-2122
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $594K
- **Initial approval:** $594K
- **Forgiven:** $600K (101%)
- **Forgiveness date:** 03/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $446K
- **Rent:** $84K
- **Utilities:** $37K
- **Health care:** $28K
- **Jobs reported:** 47
## Lender
- **Originating:** Passumpsic Savings Bank
- **Servicing:** Passumpsic Savings Bank (VT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*