PPP Loan information for New power inc.

$575,975

New power inc. was initially approved for PPP Loan of amount $575,975, the current approved amount is $575,975. The loan was approved on 02/06/2021 by The Sunwest Bank reported 54 jobs and $575,975 was used to fund payroll.

New power inc. is Existing or more than 2 years old

PPP Loan Search / CA / Riverside / New power inc.

NEW POWER INC.

Date Approved

02/06/2021

SBA Office Code

0920

Processing Method

PPS

Borrower Name

NEW POWER INC.

Borrower Address

887 Marlborough Ave

Borrower City

Riverside

Borrower State

CA

Borrower Zip

92507-2133

Loan Status Date

11/16/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

575975.00

Current Approval Amount

575975.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

14926

Servicing Lender Name

Sunwest Bank

Servicing Lender Address

10011 Centennial Pkwy, Ste 450

Servicing Lender City

Sandy

Servicing Lender State

UT

Servicing Lender Zip

84070

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Riverside

Project County Name

RIVERSIDE

Project State

CA

Project Zip

92507-2133

CD

CA-39

Jobs Reported

54

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

575975.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

14926

Originating Lender

Sunwest Bank

Originating Lender City

Sandy

Originating Lender State

UT

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

579935.81

Forgiveness Date

10/27/2021

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