# PPP loan: NEW WORLD CAR IMPORTS INC
> **$471K** approved 04/13/2020 · Paid in Full · Loan `4713397102`
## Borrower
- **Name:** NEW WORLD CAR IMPORTS INC
- **Address:** 3363 INTERSTATE 35 S, NEW BRAUNFELS, TX, 78132-5269
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $471K
- **Initial approval:** $471K
- **Forgiven:** $474K (101%)
- **Forgiveness date:** 12/22/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $353K
- **Rent:** $59K
- **Utilities:** $59K
- **Jobs reported:** 61
## Lender
- **Originating:** Broadway National Bank
- **Servicing:** Broadway National Bank (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*