# PPP loan: NEW WORLD CONCEPTS, INC.
> **$615K** approved 04/08/2020 · Paid in Full · Loan `8432807009`
## Borrower
- **Name:** NEW WORLD CONCEPTS, INC.
- **Address:** 220 Dominion Drive, Suite A, MORRISVILLE, NC, 27560-7307
- **NAICS:** 445291
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $615K
- **Initial approval:** $615K
- **Forgiven:** $622K (101%)
- **Forgiveness date:** 05/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $615K
- **Jobs reported:** 84
## Lender
- **Originating:** TowneBank
- **Servicing:** TowneBank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*