# PPP loan: THE NEW ROOM INC
> **$221K** approved 04/06/2020 · Paid in Full · Loan `6014297009`
## Borrower
- **Name:** THE NEW ROOM INC
- **Address:** 990 Niccollet Mall, MINNEAPOLIS, MN, 55402
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $221K
- **Initial approval:** $221K
- **Forgiven:** $222K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $220K
- **Utilities:** $725
- **Jobs reported:** 44
## Lender
- **Originating:** Midland States Bank
- **Servicing:** Midland States Bank (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*