# PPP loan: NEWPORT VENTURES LLC D/B/A BAERING
> **$165K** approved 02/07/2021 · Paid in Full · Loan `4908808406`
## Borrower
- **Name:** NEWPORT VENTURES LLC D/B/A BAERING
- **Address:** 5420 Wade Park Blvd Ste 204, Raleigh, NC, 27607-4189
- **NAICS:** 541820
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $165K
- **Initial approval:** $165K
- **Forgiven:** $166K (100%)
- **Forgiveness date:** 06/29/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $165K
- **Jobs reported:** 8
## Lender
- **Originating:** TowneBank
- **Servicing:** TowneBank (VA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*