# PPP loan: NEWEL, LLC
> **$278K** approved 03/09/2021 · Paid in Full · Loan `8265938501`
## Borrower
- **Name:** NEWEL, LLC
- **Address:** 3200 Skillman Ave Fl 1, Long Island City, NY, 11101-2308
- **NAICS:** 453920
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $278K
- **Initial approval:** $278K
- **Forgiven:** $280K (101%)
- **Forgiveness date:** 11/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $278K
- **Utilities:** $1
- **Jobs reported:** 15
## Lender
- **Originating:** Valley National Bank
- **Servicing:** Valley National Bank (NJ)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*