# PPP loan: NOVI PRECISION PRODUCTS INC
> **$569K** approved 01/23/2021 · Paid in Full · Loan `4725488305`
## Borrower
- **Name:** NOVI PRECISION PRODUCTS INC
- **Address:** 11777 Grand River Rd, Brighton, MI, 48116-9617
- **NAICS:** 333249
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $569K
- **Initial approval:** $569K
- **Forgiven:** $574K (101%)
- **Forgiveness date:** 10/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $569K
- **Utilities:** $1
- **Jobs reported:** 24
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*