# PPP loan: KOVARS INC.
> **$704K** approved 01/20/2021 · Paid in Full · Loan `2422558306`
## Borrower
- **Name:** KOVARS INC.
- **Address:** 7520 Fair Oaks Blvd, Carmichael, CA, 95608-1749
- **NAICS:** 611620
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $704K
- **Initial approval:** $704K
- **Forgiven:** $709K (101%)
- **Forgiveness date:** 12/01/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $704K
- **Utilities:** $1
- **Jobs reported:** 58
## Lender
- **Originating:** River City Bank
- **Servicing:** River City Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*