# PPP loan: NEWTON HEAT TREATING COMPANY INC
> **$655K** approved 03/12/2021 · Paid in Full · Loan `9579248503`
## Borrower
- **Name:** NEWTON HEAT TREATING COMPANY INC
- **Address:** 19235 E Walnut Dr N, City of Industry, CA, 91748-1438
- **NAICS:** 332999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $655K
- **Initial approval:** $655K
- **Forgiven:** $664K (101%)
- **Forgiveness date:** 07/20/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $655K
- **Utilities:** $1
- **Jobs reported:** 60
## Lender
- **Originating:** US Bank National Association
- **Servicing:** U.S. Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*