# PPP loan: NEWTEAM, LLC
> **$4.30M** approved 04/15/2020 · Paid in Full · Loan `9061317107`
## Borrower
- **Name:** NEWTEAM, LLC
- **Address:** 20697 Fenway Ave N, FOREST LAKE, MN, 55025-8103
- **NAICS:** 326199
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.30M
- **Initial approval:** $4.30M
- **Forgiven:** $4.35M (101%)
- **Forgiveness date:** 06/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.30M
- **Jobs reported:** 304
## Lender
- **Originating:** Alerus Financial, National Association
- **Servicing:** Alerus Financial, National Association (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*