# PPP loan: NEXGEN GROUP INC
> **$161K** approved 04/11/2020 · Paid in Full · Loan `2745887102`
## Borrower
- **Name:** NEXGEN GROUP INC
- **Address:** 1952 W Market ST, NAPPANEE, IN, 46550-9045
- **NAICS:** 333511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $161K
- **Initial approval:** $161K
- **Forgiven:** $162K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $161K
- **Jobs reported:** 13
## Lender
- **Originating:** 1st Source Bank
- **Servicing:** 1st Source Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*