# PPP loan: NEXTLABS INC.
> **$923K** approved 01/26/2021 · Paid in Full · Loan `6242008306`
## Borrower
- **Name:** NEXTLABS INC.
- **Address:** 2121 S El Camino Real Ste 600, San Mateo, CA, 94403-1801
- **NAICS:** 511210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $923K
- **Initial approval:** $923K
- **Forgiven:** $929K (101%)
- **Forgiveness date:** 08/30/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $923K
- **Utilities:** $1
- **Jobs reported:** 51
## Lender
- **Originating:** Silicon Valley Bridge Bank NA
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*