# PPP loan: NEWTON TRACTOR SALES, INC.
> **$579K** approved 04/08/2020 · Paid in Full · Loan `8022217006`
## Borrower
- **Name:** NEWTON TRACTOR SALES, INC.
- **Address:** 2611 W MAIN ST, VANDALIA, IL, 62471-2068
- **NAICS:** 453998
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $579K
- **Initial approval:** $579K
- **Forgiven:** $586K (101%)
- **Forgiveness date:** 06/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $463K
- **Utilities:** $116K
- **Jobs reported:** 51
## Lender
- **Originating:** The FNB Community Bank
- **Servicing:** The FNB Community Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*