# PPP loan: NEW LIFE INDUSTRIES, INC.
> **$798K** approved 04/07/2020 · Paid in Full · Loan `6992987005`
## Borrower
- **Name:** NEW LIFE INDUSTRIES, INC.
- **Address:** 140 Chappells Dairy Road, SOMERSET, KY, 42503-4589
- **NAICS:** 315990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $798K
- **Initial approval:** $798K
- **Forgiven:** $803K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $774K
- **Rent:** $4K
- **Utilities:** $20K
- **Jobs reported:** 90
## Lender
- **Originating:** Monticello Banking Company
- **Servicing:** Monticello Banking Company (KY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*