# PPP loan: NEWSTAT, PLLC
> **$3.47M** approved 04/13/2020 · Paid in Full · Loan `4715657101`
## Borrower
- **Name:** NEWSTAT, PLLC
- **Address:** 1900 N. WINSTON RD SUITE 501, KNOXVILLE, TN, 37919-3605
- **NAICS:** 621111
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.47M
- **Initial approval:** $3.47M
- **Forgiven:** $3.51M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.60M
- **Rent:** $650K
- **Utilities:** $217K
- **Jobs reported:** 171
## Lender
- **Originating:** Mountain Commerce Bank
- **Servicing:** Mountain Commerce Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*