242 NEWNAN INC. (GA) - 2020 PPP Loan Borrower Profile (# 7573798308)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 242 NEWNAN INC.. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Georgia.

Loan Detail

Loan Number

7573798308

SBA Office Code

0405

Processing Method

PPS

Curent Loan Amount

$13,250

Date Loan was Approved

Jan 28, 2021

Amount Forgiven

$13,327.29

Date Loan was Forgiven

Sep 9, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

13,248

Lender

Wallis Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

812113

Borrower Location

Newnan, GA

Project Location

Newnan, GA

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.