# PPP loan: NEWTON INSTRUMENT CO
> **$1.52M** approved 01/30/2021 · Paid in Full · Loan `9399418302`
## Borrower
- **Name:** NEWTON INSTRUMENT CO
- **Address:** 111 E A St, Butner, NC, 27509-2426
- **NAICS:** 334290
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.52M
- **Initial approval:** $1.52M
- **Forgiven:** $1.54M (101%)
- **Forgiveness date:** 06/06/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.52M
- **Utilities:** $1
- **Jobs reported:** 77
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*