# PPP loan: NEW TECH PLASTICS, INC
> **$1.07M** approved 04/14/2020 · Paid in Full · Loan `7440367101`
## Borrower
- **Name:** NEW TECH PLASTICS, INC
- **Address:** 1300 MOTE DRIVE, COVINGTON, OH, 45318
- **NAICS:** 326199
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.07M
- **Initial approval:** $1.07M
- **Forgiven:** $1.08M (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.07M
- **Jobs reported:** 79
## Lender
- **Originating:** Fifth Third Bank
- **Servicing:** Fifth Third Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*