# PPP loan: NVL LABORATORIES, INC.
> **$496K** approved 04/30/2020 · Paid in Full · Loan `4978447306`
## Borrower
- **Name:** NVL LABORATORIES, INC.
- **Address:** 4708 Aurora Avenue North, Seattle, WA, 98103
- **NAICS:** 541620
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $496K
- **Initial approval:** $496K
- **Forgiven:** $500K (101%)
- **Forgiveness date:** 02/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $397K
- **Rent:** $69K
- **Utilities:** $10K
- **Health care:** $20K
- **Jobs reported:** 35
## Lender
- **Originating:** American Express National Bank
- **Servicing:** American Express National Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*