# PPP loan: NEWS CAF, INC.
> **$561K** approved 04/14/2020 · Paid in Full · Loan `7044767101`
## Borrower
- **Name:** NEWS CAF, INC.
- **Address:** 800 OCEAN DR, MIAMI BEACH, FL, 33139-5809
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $561K
- **Initial approval:** $561K
- **Forgiven:** $566K (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $444K
- **Rent:** $85K
- **Utilities:** $24K
- **Health care:** $5K
- **Debt interest:** $3K
- **Jobs reported:** 106
## Lender
- **Originating:** Pacific National Bank
- **Servicing:** Pacific National Bank (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*