# PPP loan: NEW HOPE MILLS MFG, INC
> **$286K** approved 04/14/2020 · Paid in Full · Loan `7775837102`
## Borrower
- **Name:** NEW HOPE MILLS MFG, INC
- **Address:** 181 York Street, Auburn, NY, 13021
- **NAICS:** 311211
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $286K
- **Initial approval:** $286K
- **Forgiven:** $290K (101%)
- **Forgiveness date:** 07/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $266K
- **Mortgage interest:** $4K
- **Utilities:** $10K
- **Health care:** $5K
- **Debt interest:** $1K
- **Jobs reported:** 42
## 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*