# PPP loan: NEWTON RUNNING COMPANY, INC.
> **$187K** approved 04/14/2020 · Paid in Full · Loan `7062257105`
## Borrower
- **Name:** NEWTON RUNNING COMPANY, INC.
- **Address:** 3655 Frontier Ave, Boutler, CO, 80301-2409
- **NAICS:** 424340
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $187K
- **Initial approval:** $197K
- **Forgiven:** $190K (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $144K
- **Mortgage interest:** $40K
- **Utilities:** $4K
- **Jobs reported:** 13
## Lender
- **Originating:** Independent Bank d/b/a Independent Financial
- **Servicing:** Independent Bank d/b/a Independent Financial (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*