# PPP loan: NEXTERN INNOVATION INC.
> **$1.10M** approved 04/07/2020 · Paid in Full · Loan `7665727005`
## Borrower
- **Name:** NEXTERN INNOVATION INC.
- **Address:** 1185 N Birch Lake Blvd, SAINT PAUL, MN, 55110-6732
- **NAICS:** 339112
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.10M
- **Initial approval:** $1.10M
- **Forgiven:** $1.12M (101%)
- **Forgiveness date:** 07/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.10M
- **Jobs reported:** 115
## Lender
- **Originating:** BMO Bank National Association
- **Servicing:** BMO Bank National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*