# PPP loan: NEW FED MORTGAGE, CORP.
> **$1.38M** approved 04/15/2020 · Paid in Full · Loan `8855007105`
## Borrower
- **Name:** NEW FED MORTGAGE, CORP.
- **Address:** 98 HIGH ST, DANVERS, MA, 01923-3130
- **NAICS:** 522310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.38M
- **Initial approval:** $1.38M
- **Forgiven:** $1.40M (101%)
- **Forgiveness date:** 06/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.38M
- **Jobs reported:** 101
## Lender
- **Originating:** The Millyard Bank
- **Servicing:** The Millyard Bank (NH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*