# PPP loan: O. A. NEWTON AND SON COMPANY
> **$339K** approved 04/07/2020 · Paid in Full · Loan `7430967002`
## Borrower
- **Name:** O. A. NEWTON AND SON COMPANY
- **Address:** 16356 SUSSEX HWY, BRIDGEVILLE, DE, 19933-2963
- **NAICS:** 333924
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $339K
- **Initial approval:** $339K
- **Forgiven:** $343K (101%)
- **Forgiveness date:** 04/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $285K
- **Rent:** $8K
- **Mortgage interest:** $12K
- **Utilities:** $35K
- **Jobs reported:** 22
## Lender
- **Originating:** Wilmington Savings Fund Society, FSB
- **Servicing:** Wilmington Savings Fund Society, FSB (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*