# PPP loan: NID, INC
> **$2.09M** approved 04/03/2020 · Paid in Full · Loan `4538087007`
## Borrower
- **Name:** NID, INC
- **Address:** 365 Cottonwood Dr, GARNER, IA, 50438-1128
- **NAICS:** 541214
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.09M
- **Initial approval:** $2.09M
- **Forgiven:** $2.12M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.57M
- **Mortgage interest:** $262K
- **Utilities:** $262K
- **Jobs reported:** 204
## Lender
- **Originating:** Manufacturers Bank & Trust Company
- **Servicing:** Manufacturers Bank & Trust Company (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*