PPP Loan information for Next gen electronics inc

$1,400,000

Next gen electronics inc was initially approved for PPP Loan of amount $1,400,000, the current approved amount is $1,400,000. The loan was approved on 04/05/2020 by The Loan Source Incorporated reported 115 jobs and $1,400,000 was used to fund payroll.

Next gen electronics inc is Existing or more than 2 years old

PPP Loan Search / MI / JACKSON / Next gen electronics inc

NEXT GEN ELECTRONICS INC

Date Approved

04/05/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

NEXT GEN ELECTRONICS INC

Borrower Address

1 COMTRONICS PL

Borrower City

JACKSON

Borrower State

MI

Borrower Zip

49203-7500

Loan Status Date

02/18/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1400000.00

Current Approval Amount

1400000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

188567

Servicing Lender Name

Loan Source Incorporated

Servicing Lender Address

353 East 83rd Street Suite 3H

Servicing Lender City

NEW YORK

Servicing Lender State

NY

Servicing Lender Zip

10028

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

JACKSON

Project County Name

JACKSON

Project State

MI

Project Zip

49203-7500

CD

MI-05

Jobs Reported

115

NAICS Code

811219

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1400000.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

49887

Originating Lender

Flagstar Bank National Association

Originating Lender City

HICKSVILLE

Originating Lender State

NY

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1414038.36

Forgiveness Date

04/19/2021

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