# PPP loan: NGMT INC.
> **$1.98M** approved 01/27/2021 · Charged Off · Loan `6506938308`
## Borrower
- **Name:** NGMT INC.
- **Address:** 1742 Candler Rd, Gainesville, GA, 30507-8427
- **NAICS:** 621910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.98M
- **Initial approval:** $1.98M
- **Forgiven:** $1.03M (52%)
- **Forgiveness date:** 04/04/2022
- **Status:** Charged Off
- **Term:** 42 months
## Use of funds
- **Payroll:** $1.98M
- **Utilities:** $1
- **Jobs reported:** 119
## Lender
- **Originating:** Northeast Georgia Bank
- **Servicing:** Northeast Georgia Bank (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*