# PPP loan: NEW CANEY INC.
> **$1.75M** approved 02/12/2021 · Paid in Full · Loan `7479878410`
## Borrower
- **Name:** NEW CANEY INC.
- **Address:** 15051 Leffingwell Rd Ste 201, Whittier, CA, 90604-2159
- **NAICS:** 721110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.75M
- **Initial approval:** $1.75M
- **Forgiven:** $1.78M (102%)
- **Forgiveness date:** 09/23/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.75M
- **Utilities:** $1
- **Jobs reported:** 275
## Lender
- **Originating:** American Lending Center
- **Servicing:** American Lending Center (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*