# PPP loan: NEWPORT SAND & GRAVEL CO INC
> **$2.57M** approved 04/15/2020 · Paid in Full · Loan `9898447102`
## Borrower
- **Name:** NEWPORT SAND & GRAVEL CO INC
- **Address:** 8 REEDS MILL RD, NEWPORT, NH, 03773-1249
- **NAICS:** 327320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.57M
- **Initial approval:** $2.57M
- **Forgiven:** $2.60M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.57M
- **Jobs reported:** 156
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*