# PPP loan: NEWPORTER INDUSTRIES, INC.
> **$160K** approved 04/13/2020 · Paid in Full · Loan `4966817106`
## Borrower
- **Name:** NEWPORTER INDUSTRIES, INC.
- **Address:** 33585 DEL OBISPO ST. #C, DANA POINT, CA, 92629-1527
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $160K
- **Initial approval:** $160K
- **Forgiven:** $162K (101%)
- **Forgiveness date:** 07/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $120K
- **Rent:** $24K
- **Utilities:** $16K
- **Jobs reported:** 23
## Lender
- **Originating:** GBC International Bank
- **Servicing:** GBC International Bank (CA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*