# PPP loan: NEDERVELD, INC.
> **$2.22M** approved 04/11/2020 · Paid in Full · Loan `2902277101`
## Borrower
- **Name:** NEDERVELD, INC.
- **Address:** 217 GRANDVILLE AVE SW STE302, GRAND RAPIDS, MI, 49503-4073
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.22M
- **Initial approval:** $2.22M
- **Forgiven:** $2.25M (101%)
- **Forgiveness date:** 08/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.78M
- **Mortgage interest:** $445K
- **Jobs reported:** 147
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*