# PPP loan: NEWPORT CONCEPTS
> **$414K** approved 05/01/2020 · Paid in Full · Loan `8158777706`
## Borrower
- **Name:** NEWPORT CONCEPTS
- **Address:** 17525 VENTURA BLVD, ENCINO, CA, 91316
- **NAICS:** 423440
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $414K
- **Initial approval:** $325K
- **Forgiven:** $417K (101%)
- **Forgiveness date:** 04/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $414K
- **Jobs reported:** 23
## Lender
- **Originating:** U.S. Bank, National Association
- **Servicing:** U.S. Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*