# PPP loan: NEWGEN TECHNOLOGIES INC
> **$850K** approved 04/15/2020 · Paid in Full · Loan `1701097203`
## Borrower
- **Name:** NEWGEN TECHNOLOGIES INC
- **Address:** 7249 PRESERVATION CT, FULTON, MD, 20759-2304
- **NAICS:** 561990
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $850K
- **Initial approval:** $850K
- **Forgiven:** $856K (101%)
- **Forgiveness date:** 12/30/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $850K
- **Jobs reported:** 50
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*