# PPP loan: NEWCOMER'S TRUCK PARTS INC
> **$221K** approved 04/07/2020 · Paid in Full · Loan `7087727002`
## Borrower
- **Name:** NEWCOMER'S TRUCK PARTS INC
- **Address:** 6405 Nunnery Rd, WAYNESBORO, PA, 17268-8619
- **NAICS:** 423990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $221K
- **Initial approval:** $221K
- **Forgiven:** $223K (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $192K
- **Rent:** $26K
- **Utilities:** $4K
- **Jobs reported:** 23
## Lender
- **Originating:** Orrstown Bank
- **Servicing:** Orrstown Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*