# PPP loan: NEXBIT INC
> **$247K** approved 05/04/2020 · Exemption 4 · Loan `1774197406`
## Borrower
- **Name:** NEXBIT INC
- **Address:** 1163 Southwest 122nd Avenue, Pembroke Pines, FL, 33025
- **NAICS:** 541990
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $247K
- **Initial approval:** $247K
- **Status:** Exemption 4
- **Term:** 24 months
## Use of funds
- **Payroll:** $247K
- **Jobs reported:** 18
## Lender
- **Originating:** Cross River Bank
- **Servicing:** Cross River Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*