# PPP loan: NEWTOWN RACQUETBALL, INC
> **$1.25M** approved 04/07/2020 · Paid in Full · Loan `7548167004`
## Borrower
- **Name:** NEWTOWN RACQUETBALL, INC
- **Address:** 120 Pheasant Run, Newton, PA, 18940-1821
- **NAICS:** 713940
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.25M
- **Initial approval:** $447K
- **Forgiven:** $1.27M (101%)
- **Forgiveness date:** 08/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.25M
- **Jobs reported:** 44
## Lender
- **Originating:** Mid Penn Bank
- **Servicing:** Mid Penn Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*