# PPP loan: NEWCOMB WAREHOUSE
> **$255K** approved 04/07/2020 · Paid in Full · Loan `6941927009`
## Borrower
- **Name:** NEWCOMB WAREHOUSE
- **Address:** 3606 GRANDVIEW AVE, MUSCATINE, IA, 52761-1344
- **NAICS:** 484121
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $255K
- **Initial approval:** $255K
- **Forgiven:** $256K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $204K
- **Mortgage interest:** $25K
- **Utilities:** $25K
- **Jobs reported:** 25
## Lender
- **Originating:** MidWestOne Bank
- **Servicing:** MidWestOne Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*