# PPP loan: NEXAGEN NETWORKS INC
> **$703K** approved 03/12/2021 · Paid in Full · Loan `9257378504`
## Borrower
- **Name:** NEXAGEN NETWORKS INC
- **Address:** 704 Ginesi Dr, Morganville, NJ, 07751-1249
- **NAICS:** 541512
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $703K
- **Initial approval:** $703K
- **Forgiven:** $709K (101%)
- **Forgiveness date:** 02/09/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $703K
- **Utilities:** $1
- **Jobs reported:** 43
## Lender
- **Originating:** Live Oak Banking Company
- **Servicing:** Live Oak Banking Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*