# PPP loan: NEW WORLD CONCEPTS INC
> **$861K** approved 01/23/2021 · Paid in Full · Loan `4439628309`
## Borrower
- **Name:** NEW WORLD CONCEPTS INC
- **Address:** 220 Dominion Dr Ste A, Morrisville, NC, 27560-7307
- **NAICS:** 722513
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $861K
- **Initial approval:** $861K
- **Forgiven:** $867K (101%)
- **Forgiveness date:** 10/22/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $860K
- **Utilities:** $1
- **Jobs reported:** 66
## Lender
- **Originating:** TowneBank
- **Servicing:** TowneBank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*