# PPP loan: NEWPORT PACIFIC CORPORATION
> **$1.92M** approved 04/15/2020 · Paid in Full · Loan `8773577108`
## Borrower
- **Name:** NEWPORT PACIFIC CORPORATION
- **Address:** 422 SW 10TH ST, NEWPORT, OR, 97365-4730
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.92M
- **Initial approval:** $1.92M
- **Forgiven:** $1.94M (101%)
- **Forgiveness date:** 04/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.92M
- **Jobs reported:** 276
## Lender
- **Originating:** Oregon Coast Bank
- **Servicing:** Oregon Coast Bank (OR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*