# PPP loan: NEWGEN AVIATION CORPORATION
> **$230K** approved 03/17/2021 · Exemption 4 · Loan `3460378600`
## Borrower
- **Name:** NEWGEN AVIATION CORPORATION
- **Address:** 1002 N Church St Ste 301, Greensboro, NC, 27401-1449
- **NAICS:** 488190
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $230K
- **Initial approval:** $230K
- **Forgiven:** $122K (53%)
- **Forgiveness date:** 07/26/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $230K
- **Utilities:** $1
- **Jobs reported:** 53
## Lender
- **Originating:** Customers Bank
- **Servicing:** Customers Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*