# PPP loan: NEWARK COMMUNITY COOPERATIVE, INC.
> **$250K** approved 04/15/2020 · Paid in Full · Loan `8716067101`
## Borrower
- **Name:** NEWARK COMMUNITY COOPERATIVE, INC.
- **Address:** 230 East Main Street Suite 209, Newark, DE, 19711
- **NAICS:** 445110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $252K (101%)
- **Forgiveness date:** 02/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $162K
- **Rent:** $42K
- **Utilities:** $16K
- **Health care:** $20K
- **Debt interest:** $10K
- **Jobs reported:** 51
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*