# PPP loan: THE NEW GROUP HOLDINGS INC.
> **$431K** approved 03/12/2021 · Paid in Full · Loan `9084818506`
## Borrower
- **Name:** THE NEW GROUP HOLDINGS INC.
- **Address:** 306 Bowery, New York, NY, 10012-2802
- **NAICS:** 453220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $431K
- **Initial approval:** $431K
- **Forgiven:** $434K (101%)
- **Forgiveness date:** 11/26/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $431K
- **Utilities:** $1
- **Jobs reported:** 23
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*