# PPP loan: NEWCO METALS, INC.
> **$411K** approved 04/07/2020 · Paid in Full · Loan `6984737000`
## Borrower
- **Name:** NEWCO METALS, INC.
- **Address:** 7268 S STATE ROAD 13, PENDLETON, IN, 46064-9565
- **NAICS:** 423930
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $411K
- **Initial approval:** $411K
- **Forgiven:** $414K (101%)
- **Forgiveness date:** 12/22/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $309K
- **Rent:** $20K
- **Utilities:** $3K
- **Health care:** $29K
- **Debt interest:** $50K
- **Jobs reported:** 43
## Lender
- **Originating:** Lake City Bank
- **Servicing:** Lake City Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*