Newport Biodiesel, Inc.

$650,115 PPP Loan in Newport, Rhode Island

Loan Details

Loan Number
1227007102
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$650,115
Current Approval
$650,115
Forgiveness Amount
$654,140
Forgiveness Date
Nov 27, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Newport Biodiesel, Inc.
Address
312 Connell Hwy
ZIP Code
02840-1037
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (324110)
Business Age
Existing or more than 2 years old
Jobs Reported
42
Estimated Revenue
$41.7M
Rural/Urban
Urban
Congressional District
RI-01

Loan Use Breakdown

Payroll
$650,115

Lender Information

Servicing Lender
Webster Bank National Association
Originating Lender
Webster Bank National Association

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