# PPP loan: NEXT FREIGHT INC
> **$506K** approved 06/12/2020 · Paid in Full · Loan `2972077901`
## Borrower
- **Name:** NEXT FREIGHT INC
- **Address:** 7700 INDUSTRY AVE, PICO RIVERA, CA, 90660-4304
- **NAICS:** 484121
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $506K
- **Initial approval:** $506K
- **Forgiven:** $512K (101%)
- **Forgiveness date:** 08/12/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $506K
- **Jobs reported:** 50
## Lender
- **Originating:** Preferred Bank
- **Servicing:** Preferred Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*