# PPP loan: NEXT GEN INC.
> **$438K** approved 04/08/2020 · Paid in Full · Loan `8697477001`
## Borrower
- **Name:** NEXT GEN INC.
- **Address:** 1726 SE HIGHWAY 101, LINCOLN CITY, OR, 97367-2348
- **NAICS:** 562212
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $438K
- **Initial approval:** $438K
- **Forgiven:** $443K (101%)
- **Forgiveness date:** 08/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $438K
- **Jobs reported:** 30
## Lender
- **Originating:** Oregon Coast Bank
- **Servicing:** Oregon Coast Bank (OR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*