# PPP loan: NEW JOURNEY RESIDENCE, LTD
> **$298K** approved 04/06/2020 · Paid in Full · Loan `6403977005`
## Borrower
- **Name:** NEW JOURNEY RESIDENCE, LTD
- **Address:** 303 HAT TRICK AVE, EVELETH, MN, 55734-8635
- **NAICS:** 623312
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $298K
- **Initial approval:** $300K
- **Forgiven:** $300K (101%)
- **Forgiveness date:** 11/25/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $238K
- **Mortgage interest:** $40K
- **Utilities:** $20K
- **Jobs reported:** 48
## Lender
- **Originating:** Park State Bank
- **Servicing:** Park State Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*