# PPP loan: NEWTRAX, INC.
> **$361K** approved 04/03/2020 · Paid in Full · Loan `4431387003`
## Borrower
- **Name:** NEWTRAX, INC.
- **Address:** 3700 Hwy 61 N, SAINT PAUL, MN, 55110
- **NAICS:** 624120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $361K
- **Initial approval:** $361K
- **Forgiven:** $363K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $315K
- **Rent:** $40K
- **Utilities:** $6K
- **Jobs reported:** 60
## Lender
- **Originating:** First Resource Bank
- **Servicing:** First Resource Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*