242 NEWNAN , INC (GA) - 2020 PPP Loan Borrower Profile (# 8250107402)

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

8250107402

SBA Office Code

0405

Processing Method

PPP

Curent Loan Amount

$13,200

Date Loan was Approved

May 18, 2020

Amount Forgiven

$13,355.1

Date Loan was Forgiven

Jul 20, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

1,980

Payroll Proced

9,900

Rent Proceed

1,320

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.