# PPP loan: NEW PLASTICS PLUS, INC.
> **$332K** approved 04/09/2020 · Paid in Full · Loan `9598947010`
## Borrower
- **Name:** NEW PLASTICS PLUS, INC.
- **Address:** 12707 42ND ST NE, SAINT MICHAEL, MN, 55376-9510
- **NAICS:** 326199
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $332K
- **Initial approval:** $332K
- **Forgiven:** $335K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $254K
- **Health care:** $78K
- **Jobs reported:** 32
## Lender
- **Originating:** Premier Bank Minnesota
- **Servicing:** Premier Bank Minnesota (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*