# PPP loan: NEW MATERIAL CULTURE, INC.
> **$437K** approved 02/08/2021 · Paid in Full · Loan `5504328402`
## Borrower
- **Name:** NEW MATERIAL CULTURE, INC.
- **Address:** 4700 Wissahickon Ave Ste 101, Philadelphia, PA, 19144-4252
- **NAICS:** 442110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $437K
- **Initial approval:** $437K
- **Forgiven:** $441K (101%)
- **Forgiveness date:** 10/29/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $437K
- **Utilities:** $1
- **Jobs reported:** 19
## Lender
- **Originating:** Northeast Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*