# PPP loan: NEWPORT COUNTY PROPANE, INC.
> **$289K** approved 04/09/2020 · Paid in Full · Loan `8929127001`
## Borrower
- **Name:** NEWPORT COUNTY PROPANE, INC.
- **Address:** 50 Underwood Lane, NEWPORT, RI, 02840
- **NAICS:** 454310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $289K
- **Initial approval:** $289K
- **Forgiven:** $292K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $289K
- **Jobs reported:** 14
## Lender
- **Originating:** BankNewport
- **Servicing:** BankNewport (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*