# PPP loan: NEWHOUSE MACHINERY COMPANY INC
> **$258K** approved 04/07/2020 · Paid in Full · Loan `6768587009`
## Borrower
- **Name:** NEWHOUSE MACHINERY COMPANY INC
- **Address:** 111  50TH AVE, ALEXANDRIA, MN, 56308-9273
- **NAICS:** 441228
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $258K
- **Initial approval:** $258K
- **Forgiven:** $260K (101%)
- **Forgiveness date:** 11/13/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $258K
- **Jobs reported:** 16
## Lender
- **Originating:** First Western Bank & Trust
- **Servicing:** First Western Bank & Trust (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*