# PPP loan: NEWTECH FINANCIAL SERVICES LLC
> **$390K** approved 04/06/2020 · Paid in Full · Loan `6112867007`
## Borrower
- **Name:** NEWTECH FINANCIAL SERVICES LLC
- **Address:** 700 4TH ST, BAY CITY, MI, 48708-5208
- **NAICS:** 524128
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $390K
- **Initial approval:** $390K
- **Forgiven:** $393K (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $312K
- **Rent:** $52K
- **Utilities:** $26K
- **Jobs reported:** 32
## Lender
- **Originating:** Frankenmuth CU
- **Servicing:** Frankenmuth CU (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*