# PPP loan: NEWCO IRONWORKS LTD
> **$225K** approved 02/13/2021 · Paid in Full · Loan `8426628406`
## Borrower
- **Name:** NEWCO IRONWORKS LTD
- **Address:** 4747 31st Pl, Long Island City, NY, 11101-3027
- **NAICS:** 332312
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $225K
- **Initial approval:** $225K
- **Forgiven:** $227K (101%)
- **Forgiveness date:** 05/31/2022
- **Status:** Paid in Full
- **Term:** 58 months
## Use of funds
- **Payroll:** $225K
- **Jobs reported:** 16
## Lender
- **Originating:** Capital One, National Association
- **Servicing:** Capital One, National Association (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*