# PPP loan: NEXO INSURANCE SERVICES INC
> **$199K** approved 02/12/2021 · Exemption 4 · Loan `8065658408`
## Borrower
- **Name:** NEXO INSURANCE SERVICES INC
- **Address:** 111 N Sepulveda Blvd Ste 325, Manhattan Beach, CA, 90266-6800
- **NAICS:** 524210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $199K
- **Initial approval:** $199K
- **Forgiven:** $159K (80%)
- **Forgiveness date:** 07/14/2023
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $199K
- **Utilities:** $1
- **Jobs reported:** 8
## Lender
- **Originating:** US Bank National Association
- **Servicing:** U.S. Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*