# PPP loan: NXG
> **$340K** approved 01/26/2021 · Exemption 4 · Loan `5960338300`
## Borrower
- **Name:** NXG
- **Address:** 2552 Walnut Ave Ste 205, Tustin, CA, 92780-6981
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $340K
- **Initial approval:** $340K
- **Forgiven:** $164K (48%)
- **Forgiveness date:** 06/02/2023
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $340K
- **Utilities:** $1
- **Jobs reported:** 15
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*