# PPP loan: NEWOODS, INC.
> **$1.12M** approved 04/08/2020 · Paid in Full · Loan `8835247001`
## Borrower
- **Name:** NEWOODS, INC.
- **Address:** 6902 Brodie Ln, LITTLE ROCK, AR, 72204-8604
- **NAICS:** 238140
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $1.12M
- **Initial approval:** $1.12M
- **Forgiven:** $1.14M (101%)
- **Forgiveness date:** 08/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $983K
- **Rent:** $30K
- **Mortgage interest:** $46K
- **Utilities:** $65K
- **Jobs reported:** 112
## Lender
- **Originating:** Simmons Bank
- **Servicing:** Simmons Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*