PPP Loan information for Nova magnetics inc.

$481,845

Nova magnetics inc. was initially approved for PPP Loan of amount $481,845, the current approved amount is $481,845. The loan was approved on 03/17/2021 by The Truist Bank reported 55 jobs and $481,845 was used to fund payroll.

Nova magnetics inc. is Existing or more than 2 years old

NOVA MAGNETICS INC.

Date Approved

03/17/2021

SBA Office Code

0610

Processing Method

PPS

Borrower Name

NOVA MAGNETICS INC.

Borrower Address

1101 E Walnut St

Borrower City

Garland

Borrower State

TX

Borrower Zip

75040-6615

Loan Status Date

08/16/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

481844.80

Current Approval Amount

481844.80

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Garland

Project County Name

DALLAS

Project State

TX

Project Zip

75040-6615

CD

TX-05

Jobs Reported

55

NAICS Code

334416

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

481842.80

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

488215.86

Forgiveness Date

07/08/2022

;