# PPP loan: NEWPORT APPAREL CORPORATION
> **$408K** approved 02/11/2021 · Paid in Full · Loan `7019798409`
## Borrower
- **Name:** NEWPORT APPAREL CORPORATION
- **Address:** 1215 W Walnut St, Compton, CA, 90220-5009
- **NAICS:** 315240
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $408K
- **Initial approval:** $408K
- **Forgiven:** $413K (101%)
- **Forgiveness date:** 05/03/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $408K
- **Utilities:** $1
- **Jobs reported:** 125
## Lender
- **Originating:** Bank of Hope
- **Servicing:** Bank of Hope (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*