# PPP loan: NOVA ALLOYS, INC.
> **$288K** approved 04/14/2020 · Paid in Full · Loan `6849537105`
## Borrower
- **Name:** NOVA ALLOYS, INC.
- **Address:** 1100 Chase Road Suite 400, MESQUITE, TX, 75149
- **NAICS:** 812990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $288K
- **Initial approval:** $288K
- **Forgiven:** $291K (101%)
- **Forgiveness date:** 05/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $216K
- **Rent:** $36K
- **Utilities:** $36K
- **Jobs reported:** 26
## Lender
- **Originating:** First Source Federal Credit Union
- **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*