# PPP loan: MEDPROS NEWPORT, INC.
> **$422K** approved 05/01/2020 · Charged Off · Loan `9848027706`
## Borrower
- **Name:** MEDPROS NEWPORT, INC.
- **Address:** 23 WATERCRESS, IRVINE, CA, 92603-0100
- **NAICS:** —
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $422K
- **Initial approval:** $422K
- **Forgiven:** $346K (82%)
- **Forgiveness date:** 09/01/2023
- **Status:** Charged Off
- **Term:** 13 months
## Use of funds
- **Payroll:** $422K
- **Jobs reported:** 17
## 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*