Nits Solutions, Inc.

$995,000 PPP Loan in Novi, Michigan

Loan Details

Loan Number
2828637201
Date Approved
Apr 16, 2020
Loan Status
Paid in Full
Initial Approval
$995,000
Current Approval
$995,000
Forgiveness Amount
$1,003,424
Forgiveness Date
Feb 23, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Nits Solutions, Inc.
Address
40850 Grand River 100
City
Novi
ZIP Code
48375
Business Type
Subchapter S Corporation
Industry (NAICS)
Professional, Scientific, and Technical Services (541519)
Business Age
Existing or more than 2 years old
Jobs Reported
54
Estimated Revenue
$11.2M
Rural/Urban
Urban
Congressional District
MI-06

Loan Use Breakdown

Payroll
$902,051
Rent
$28,900
Utilities
$9,211
Health Care
$54,838

Lender Information

Servicing Lender
Jpmorgan Chase Bank, National Association
Originating Lender
Jpmorgan Chase Bank, National Association

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