# PPP loan: NEW LONDON FOUNDRY INC
> **$266K** approved 04/28/2020 · Paid in Full · Loan `6991077208`
## Borrower
- **Name:** NEW LONDON FOUNDRY INC
- **Address:** 80 WALNUT ST, NEW LONDON, OH, 44851-1240
- **NAICS:** 333511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $266K
- **Initial approval:** $266K
- **Forgiven:** $267K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $197K
- **Health care:** $69K
- **Jobs reported:** 20
## Lender
- **Originating:** Farmers State Bank
- **Servicing:** Farmers State Bank (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*