# PPP loan: NEXTGEN BLACK PELLETS LLC
> **$413K** approved 04/10/2020 · Charged Off · Loan `1767837105`
## Borrower
- **Name:** NEXTGEN BLACK PELLETS LLC
- **Address:** 1001 Mckinney #1550 0.0, Houston, TX, 77002-6459
- **NAICS:** 321999
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $413K
- **Initial approval:** $413K
- **Forgiven:** $325K (79%)
- **Forgiveness date:** 08/25/2022
- **Status:** Charged Off
- **Term:** 6 months
## Use of funds
- **Payroll:** $280K
- **Rent:** $32K
- **Mortgage interest:** $54K
- **Utilities:** $47K
- **Jobs reported:** 15
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*