# PPP loan: NEWPORT ASSOCIATES 2 LLC
> **$233K** approved 01/28/2021 · Paid in Full · Loan `7394618305`
## Borrower
- **Name:** NEWPORT ASSOCIATES 2 LLC
- **Address:** 180 Regal Way, Newport News, VA, 23602-9446
- **NAICS:** 721110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $233K
- **Initial approval:** $233K
- **Forgiven:** $235K (101%)
- **Forgiveness date:** 05/11/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $232K
- **Utilities:** $1
- **Jobs reported:** 40
## Lender
- **Originating:** TowneBank
- **Servicing:** TowneBank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*