# PPP loan: NEWMAN CARRIERS INC.
> **$1.02M** approved 04/05/2020 · Paid in Full · Loan `5484977001`
## Borrower
- **Name:** NEWMAN CARRIERS INC.
- **Address:** 921 N. 1st Street, Fairmont City, IL, 62201-1420
- **NAICS:** 484110
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $1.02M
- **Initial approval:** $1.08M
- **Forgiven:** $1.03M (101%)
- **Forgiveness date:** 03/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $763K
- **Rent:** $254K
- **Jobs reported:** 69
## Lender
- **Originating:** Busey Bank
- **Servicing:** Busey Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*