# PPP loan: BUILT BY NEWPORT CORPORATION
> **$505K** approved 06/08/2020 · Paid in Full · Loan `9579317809`
## Borrower
- **Name:** BUILT BY NEWPORT CORPORATION
- **Address:** 450 MAIN ST, NEWPORT, VT, 05855-4850
- **NAICS:** 337122
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $505K
- **Initial approval:** $495K
- **Forgiven:** $508K (101%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $410K
- **Utilities:** $56K
- **Health care:** $39K
- **Jobs reported:** 58
## Lender
- **Originating:** Passumpsic Savings Bank
- **Servicing:** Passumpsic Savings Bank (VT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*