# PPP loan: NEWPORT BEACH HOUSE INC.
> **$441K** approved 02/08/2021 · Paid in Full · Loan `5215508401`
## Borrower
- **Name:** NEWPORT BEACH HOUSE INC.
- **Address:** 3 Aquidneck Ave, Middletown, RI, 02842-5685
- **NAICS:** 722320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $441K
- **Initial approval:** $441K
- **Forgiven:** $444K (101%)
- **Forgiveness date:** 01/03/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $440K
- **Utilities:** $1
- **Jobs reported:** 59
## Lender
- **Originating:** Centreville Bank
- **Servicing:** Centreville Bank (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*