# PPP loan: NEWPORT BUILDERS, INC.
> **$158K** approved 04/09/2020 · Paid in Full · Loan `9204657004`
## Borrower
- **Name:** NEWPORT BUILDERS, INC.
- **Address:** 8338 Corporate Dr. Suite 500, RACINE, WI, 53406-3719
- **NAICS:** 236115
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $158K
- **Initial approval:** $158K
- **Forgiven:** $159K (101%)
- **Forgiveness date:** 03/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $148K
- **Rent:** $8K
- **Utilities:** $2K
- **Jobs reported:** 10
## Lender
- **Originating:** Tri City National Bank
- **Servicing:** Tri City National Bank (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*