# PPP loan: NEWMAN OPERATING CO
> **$1.35M** approved 01/14/2021 · Paid in Full · Loan `9940158208`
## Borrower
- **Name:** NEWMAN OPERATING CO
- **Address:** 5266 Highway 44, Freer, TX, 78357
- **NAICS:** 211120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.35M
- **Initial approval:** $1.35M
- **Forgiven:** $1.35M (101%)
- **Forgiveness date:** 08/27/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.35M
- **Jobs reported:** 99
## Lender
- **Originating:** Freedom Bank
- **Servicing:** Freedom Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*