# PPP loan: NEWMAN OPERATING CO
> **$1.52M** approved 04/08/2020 · Paid in Full · Loan `7809657008`
## Borrower
- **Name:** NEWMAN OPERATING CO
- **Address:** P.O. Box 448, FREER, TX, 78357-0141
- **NAICS:** 213112
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.52M
- **Initial approval:** $1.52M
- **Forgiven:** $1.53M (101%)
- **Forgiveness date:** 01/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.46M
- **Health care:** $64K
- **Jobs reported:** 109
## Lender
- **Originating:** Freedom Bank
- **Servicing:** Freedom Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*