# PPP loan: NEWPORT NEWSPAPERS INC.
> **$197K** approved 02/08/2021 · Paid in Full · Loan `5232038404`
## Borrower
- **Name:** NEWPORT NEWSPAPERS INC.
- **Address:** 211 E Il Route 38, Rochelle, IL, 61068-2303
- **NAICS:** 511110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $197K
- **Initial approval:** $197K
- **Forgiven:** $199K (101%)
- **Forgiveness date:** 12/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $197K
- **Utilities:** $1
- **Jobs reported:** 27
## Lender
- **Originating:** Central Bank Illinois
- **Servicing:** Central Bank Illinois (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*