# PPP loan: NEWMAN PROPERTIES, INC
> **$297K** approved 04/14/2020 · Paid in Full · Loan `7635987110`
## Borrower
- **Name:** NEWMAN PROPERTIES, INC
- **Address:** 2101 St. Rita's Lane, Williamsville, NY, 14221
- **NAICS:** 424720
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $297K
- **Initial approval:** $297K
- **Forgiven:** $299K (101%)
- **Forgiveness date:** 02/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $267K
- **Health care:** $30K
- **Jobs reported:** 33
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*