# PPP loan: NEWTOWN MOTEL ASSOCIATES L.C.
> **$228K** approved 03/01/2021 · Paid in Full · Loan `5561618500`
## Borrower
- **Name:** NEWTOWN MOTEL ASSOCIATES L.C.
- **Address:** 1564 Crossways BLVD 1564 Crossways BLVD, Chesapeake, VA, 23320
- **NAICS:** 721110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $228K
- **Initial approval:** $228K
- **Forgiven:** $230K (101%)
- **Forgiveness date:** 01/19/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $228K
- **Jobs reported:** 40
## Lender
- **Originating:** Atlantic Union Bank
- **Servicing:** Atlantic Union Bank (VA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*