Nova Magnetics Inc.

$481,845 PPP Loan in Garland, Texas

Loan Details

Loan Number
3703398601
Date Approved
Mar 17, 2021
Loan Status
Paid in Full
Initial Approval
$481,845
Current Approval
$481,845
Forgiveness Amount
$488,216
Forgiveness Date
Jul 8, 2022
Term
60 months
Draw
Second Draw

Business Information

Business Name
Nova Magnetics Inc.
Address
1101 E Walnut St
State
Texas
ZIP Code
75040-6615
Business Type
Corporation
Industry (NAICS)
Manufacturing (334416)
Business Age
Existing or more than 2 years old
Jobs Reported
55
Estimated Revenue
$14.4M
Rural/Urban
Urban
Congressional District
TX-05

Loan Use Breakdown

Payroll
$481,843
Utilities
$1

Lender Information

Servicing Lender
Truist Bank
Originating Lender
Truist Bank

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