# PPP loan: NEW HARVEST FOODS, INC
> **$3.01M** approved 04/04/2020 · Charged Off · Loan `4840017009`
## Borrower
- **Name:** NEW HARVEST FOODS, INC
- **Address:** 653 Rice St, SAINT PAUL, MN, 55103-1849
- **NAICS:** 424480
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $3.01M
- **Initial approval:** $3.01M
- **Status:** Charged Off
- **Term:** 6 months
## Use of funds
- **Payroll:** $2.41M
- **Rent:** $300K
- **Utilities:** $300K
- **Jobs reported:** 235
## Lender
- **Originating:** Northwest Bank
- **Servicing:** Northwest Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*