# PPP loan: NEW GEN CONSTRUCTION LLC
> **$325K** approved 04/16/2020 · Exemption 4 · Loan `2521517206`
## Borrower
- **Name:** NEW GEN CONSTRUCTION LLC
- **Address:** 4470 CHAMBLEE DUNWOODY ROAD SUITE 308, ATLANTA, GA, 30338
- **NAICS:** 236118
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $325K
- **Initial approval:** $325K
- **Forgiven:** $187K (58%)
- **Forgiveness date:** 01/28/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $243K
- **Rent:** $81K
- **Jobs reported:** 25
## Lender
- **Originating:** Heritage Bank, A Division of The First Bank
- **Servicing:** The First Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*