# PPP loan: NEWTOWN OFFICE & COMPUTER SUPPLY, INC.
> **$428K** approved 04/13/2020 · Paid in Full · Loan `4964157105`
## Borrower
- **Name:** NEWTOWN OFFICE & COMPUTER SUPPLY, INC.
- **Address:** 31 FRIENDS LANE, NEWTOWN, PA, 18940-3410
- **NAICS:** 453210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $428K
- **Initial approval:** $428K
- **Forgiven:** $431K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $342K
- **Mortgage interest:** $43K
- **Utilities:** $43K
- **Jobs reported:** 31
## Lender
- **Originating:** The First National Bank and Trust Company of Newtown
- **Servicing:** The First National Bank and Trust Company of Newtown (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*