# PPP loan: NEWTECH ELECTRONICS INDUSTRIES INC
> **$281K** approved 03/16/2021 · Paid in Full · Loan `2906098600`
## Borrower
- **Name:** NEWTECH ELECTRONICS INDUSTRIES INC
- **Address:** 1160 NW 163rd Dr 1160 Nw 163rd Dr, Miami, FL, 33169-5816
- **NAICS:** 532210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $281K
- **Initial approval:** $281K
- **Forgiven:** $283K (101%)
- **Forgiveness date:** 12/28/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $281K
- **Utilities:** $1
- **Jobs reported:** 40
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*