PPP Loan information for Newera manufacturing inc

$538,000

Newera manufacturing inc was initially approved for PPP Loan of amount $538,000, the current approved amount is $538,000. The loan was approved on 02/20/2021 by The State Bank of Southern Utah reported 68 jobs and $538,000 was used to fund payroll.

Newera manufacturing inc is Existing or more than 2 years old

PPP Loan Search / UT / Cedar City / Newera manufacturing inc

NEWERA MANUFACTURING INC

Date Approved

02/20/2021

SBA Office Code

0883

Processing Method

PPS

Borrower Name

NEWERA MANUFACTURING INC

Borrower Address

871 N 5300 W

Borrower City

Cedar City

Borrower State

UT

Borrower Zip

84721-6520

Loan Status Date

11/09/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

538000.00

Current Approval Amount

538000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

72214

Servicing Lender Name

State Bank of Southern Utah

Servicing Lender Address

377 N Main St

Servicing Lender City

CEDAR CITY

Servicing Lender State

UT

Servicing Lender Zip

84721-2639

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Cedar City

Project County Name

IRON

Project State

UT

Project Zip

84721-6520

CD

UT-02

Jobs Reported

68

NAICS Code

332710

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

537998.00

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

72214

Originating Lender

State Bank of Southern Utah

Originating Lender City

CEDAR CITY

Originating Lender State

UT

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

541345.92

Forgiveness Date

10/08/2021

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