# PPP loan: NEWCOMER SUPPLY INC.
> **$220K** approved 04/14/2020 · Paid in Full · Loan `7461637109`
## Borrower
- **Name:** NEWCOMER SUPPLY INC.
- **Address:** 2505 PARVIEW RD, MIDDLETON, WI, 53562-2579
- **NAICS:** 424210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $220K
- **Initial approval:** $255K
- **Forgiven:** $223K (101%)
- **Forgiveness date:** 06/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $191K
- **Mortgage interest:** $29K
- **Jobs reported:** 21
## Lender
- **Originating:** Johnson Bank
- **Servicing:** Johnson Bank (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*