# PPP loan: NEWPORT STRATEGIC SEARCH INC.
> **$250K** approved 01/23/2021 · Paid in Full · Loan `4545708302`
## Borrower
- **Name:** NEWPORT STRATEGIC SEARCH INC.
- **Address:** 332 Encinitas Blvd Ste 200, Encinitas, CA, 92024-8706
- **NAICS:** 541618
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $252K (101%)
- **Forgiveness date:** 08/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $250K
- **Utilities:** $1
- **Jobs reported:** 11
## Lender
- **Originating:** Zions Bank, A Division of
- **Servicing:** Zions Bank, A Division of (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*