# PPP loan: NEWAY STAMPING AND MANUFACTURING INC.
> **$701K** approved 04/14/2020 · Paid in Full · Loan `7114857100`
## Borrower
- **Name:** NEWAY STAMPING AND MANUFACTURING INC.
- **Address:** 4820 E 345TH ST., WILLOUGHBY, OH, 44094
- **NAICS:** 331491
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $701K
- **Initial approval:** $701K
- **Forgiven:** $706K (101%)
- **Forgiveness date:** 12/22/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $701K
- **Jobs reported:** 85
## Lender
- **Originating:** The Huntington National Bank
- **Servicing:** The Huntington National Bank (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*