Nuvar INC

$1,460,200 PPP Loan in Holland, Michigan

Loan Details

Loan Number
5259107002
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$1,460,200
Current Approval
$1,460,200
Forgiveness Amount
$1,472,842
Forgiveness Date
Feb 24, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Nuvar INC
Address
895 E 40th St
ZIP Code
49423-5397
Business Type
Corporation
Industry (NAICS)
Manufacturing (337214)
Business Age
Existing or more than 2 years old
Jobs Reported
138
Estimated Revenue
$36.1M
Rural/Urban
Rural
Congressional District
MI-04

Loan Use Breakdown

Payroll
$1,225,300
Rent
$88,900
Utilities
$26,000
Health Care
$120,000

Lender Information

Servicing Lender
Mercantile Bank
Originating Lender
Mercantile Bank

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