# PPP loan: NEWPOINT ADVISORS CORPORATION
> **$163K** approved 04/28/2020 · Paid in Full · Loan `7209037202`
## Borrower
- **Name:** NEWPOINT ADVISORS CORPORATION
- **Address:** 1320 TOWER ROAD, SCHAUMBURG, IL, 60173
- **NAICS:** 523999
- **Business type:** Sole Proprietorship
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $163K
- **Initial approval:** $163K
- **Forgiven:** $165K (101%)
- **Forgiveness date:** 08/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $163K
- **Jobs reported:** 10
## Lender
- **Originating:** Byline Bank
- **Servicing:** Byline Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*