# PPP loan: NEW WORLD MEDICAL, INCORPORATED
> **$2.68M** approved 04/06/2020 · Paid in Full · Loan `5907797009`
## Borrower
- **Name:** NEW WORLD MEDICAL, INCORPORATED
- **Address:** 10763 EDISON CT., RANCHO CUCAMONGA, CA, 91730-4844
- **NAICS:** 339112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.68M
- **Initial approval:** $2.68M
- **Forgiven:** $2.71M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.42M
- **Rent:** $231K
- **Utilities:** $23K
- **Jobs reported:** 38
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*