# PPP loan: NEW INDUSTRIES, LLC
> **$1.71M** approved 04/07/2020 · Paid in Full · Loan `7326567000`
## Borrower
- **Name:** NEW INDUSTRIES, LLC
- **Address:** 6032 Railroad Avenue, MORGAN CITY, LA, 70380-2449
- **NAICS:** 332312
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.71M
- **Initial approval:** $1.71M
- **Forgiven:** $1.72M (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.24M
- **Rent:** $267K
- **Utilities:** $66K
- **Health care:** $136K
- **Debt interest:** $10K
- **Jobs reported:** 100
## Lender
- **Originating:** The First National Bank of Jeanerette
- **Servicing:** The First National Bank of Jeanerette (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*