# PPP loan: NEWSTONE, INC
> **$228K** approved 04/09/2020 · Paid in Full · Loan `9595587003`
## Borrower
- **Name:** NEWSTONE, INC
- **Address:** 5944 QUINTUS LOOP, CHATTANOOGA, TN, 37421-2216
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $228K
- **Initial approval:** $228K
- **Forgiven:** $231K (101%)
- **Forgiveness date:** 07/22/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $76K
- **Mortgage interest:** $76K
- **Utilities:** $76K
- **Jobs reported:** 23
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*