# PPP loan: NEXCOMMUNICATIONS INC.
> **$584K** approved 01/17/2021 · Paid in Full · Loan `1394568306`
## Borrower
- **Name:** NEXCOMMUNICATIONS INC.
- **Address:** 1927 S Tryon St, Charlotte, NC, 28203-4633
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $584K
- **Initial approval:** $584K
- **Forgiven:** $592K (101%)
- **Forgiveness date:** 05/16/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $584K
- **Utilities:** $1
- **Jobs reported:** 36
## Lender
- **Originating:** Dogwood State Bank
- **Servicing:** Dogwood State Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*