# PPP loan: NEXT GENERATION EDUCATIONAL CENTER, INC.
> **$317K** approved 04/05/2020 · Paid in Full · Loan `5181157005`
## Borrower
- **Name:** NEXT GENERATION EDUCATIONAL CENTER, INC.
- **Address:** 1471 GRANITE HILLS DR, EL CAJON, CA, 92019-3208
- **NAICS:** 624410
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $317K
- **Initial approval:** $371K
- **Forgiven:** $319K (101%)
- **Forgiveness date:** 01/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $279K
- **Rent:** $34K
- **Utilities:** $4K
- **Health care:** $1K
- **Jobs reported:** 72
## Lender
- **Originating:** CalPrivate Bank
- **Servicing:** CalPrivate Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*