# PPP loan: NEWPORT CLIPPERS INC
> **$914K** approved 04/08/2020 · Paid in Full · Loan `8351017006`
## Borrower
- **Name:** NEWPORT CLIPPERS INC
- **Address:** 327 BLUFF RD, CARVER, MN, 55315-9511
- **NAICS:** 812112
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $914K
- **Initial approval:** $914K
- **Forgiven:** $920K (101%)
- **Forgiveness date:** 12/04/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $914K
- **Jobs reported:** 77
## Lender
- **Originating:** Old National Bank
- **Servicing:** Old National Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*