# PPP loan: MORGAN NEWTON COMPANY L.P.
> **$848K** approved 04/03/2020 · Paid in Full · Loan `4505567002`
## Borrower
- **Name:** MORGAN NEWTON COMPANY L.P.
- **Address:** 3401 WYNWOOD DR, PLANO, TX, 75074-8306
- **NAICS:** 334413
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $848K
- **Initial approval:** $848K
- **Forgiven:** $855K (101%)
- **Forgiveness date:** 02/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $678K
- **Mortgage interest:** $57K
- **Utilities:** $57K
- **Health care:** $57K
- **Jobs reported:** 98
## Lender
- **Originating:** City Bank
- **Servicing:** City Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*