# PPP loan: NEWPORT HEART MEDICAL GROUP
> **$509K** approved 04/14/2020 · Paid in Full · Loan `5728707107`
## Borrower
- **Name:** NEWPORT HEART MEDICAL GROUP
- **Address:** 415 OLD NEWPORT BLVD #200, NEWPORT BEACH, CA, 92663-4248
- **NAICS:** 621111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $509K
- **Initial approval:** $653K
- **Forgiven:** $512K (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $509K
- **Jobs reported:** 49
## Lender
- **Originating:** Sunwest Bank
- **Servicing:** Sunwest Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*