# PPP loan: NEW GENERATION FLC, INC.
> **$250K** approved 06/18/2020 · Charged Off · Loan `8037567902`
## Borrower
- **Name:** NEW GENERATION FLC, INC.
- **Address:** 4515 POLO JUMP CT, BAKERSFIELD, CA, 93312
- **NAICS:** 115115
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Status:** Charged Off
- **Term:** 41 months
## Use of funds
- **Payroll:** $240K
- **Rent:** $5K
- **Utilities:** $5K
- **Jobs reported:** 70
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*