New Algae Company, Inc.

$566,300 PPP Loan in Klamath Falls, Oregon

Loan Details

Loan Number
8223797001
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$566,300
Current Approval
$566,300
Forgiveness Amount
$571,334
Forgiveness Date
Mar 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
New Algae Company, Inc.
Address
565 Century Ct.
State
Oregon
ZIP Code
97601-7100
Business Type
Corporation
Industry (NAICS)
Manufacturing (311999)
Business Age
Existing or more than 2 years old
Jobs Reported
51
Estimated Revenue
$18.0M
Rural/Urban
Rural
Congressional District
OR-02

Loan Use Breakdown

Payroll
$566,300

Lender Information

Servicing Lender
Wallis Bank
Originating Lender
Wallis Bank

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