# PPP loan: THE GENERATION COMPANIES, LLC
> **$1.72M** approved 06/25/2020 · Exemption 4 · Loan `4331898002`
## Borrower
- **Name:** THE GENERATION COMPANIES, LLC
- **Address:** 4242 Six Forks Rd, RALEIGH, NC, 27609-0034
- **NAICS:** 531311
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.72M
- **Initial approval:** $1.72M
- **Forgiven:** $218K (13%)
- **Forgiveness date:** 12/02/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.72M
- **Jobs reported:** 340
## Lender
- **Originating:** Newtek Small Business Finance, Inc.
- **Servicing:** Newtek Small Business Finance, Inc. (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*