# PPP loan: NEWBOLD CORPORATION
> **$1.43M** approved 04/08/2020 · Paid in Full · Loan `7791087004`
## Borrower
- **Name:** NEWBOLD CORPORATION
- **Address:** 450 WEAVER ST, ROCKY MOUNT, VA, 24151-2200
- **NAICS:** 561422
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.43M
- **Initial approval:** $1.43M
- **Forgiven:** $1.45M (101%)
- **Forgiveness date:** 03/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.43M
- **Jobs reported:** 153
## Lender
- **Originating:** S & T Bank
- **Servicing:** S & T Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*