# PPP loan: NARENS ASSOCIATES INC
> **$230K** approved 01/20/2021 · Paid in Full · Loan `2282148309`
## Borrower
- **Name:** NARENS ASSOCIATES INC
- **Address:** 30903 Northwestern Hwy Ste 220, Farmington Hills, MI, 48334-5405
- **NAICS:** 441310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $230K
- **Initial approval:** $230K
- **Forgiven:** $231K (100%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $230K
- **Jobs reported:** 14
## Lender
- **Originating:** First Merchants Bank
- **Servicing:** First Merchants Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*