# PPP loan: NVE, INC.
> **$5.02M** approved 04/07/2020 · Paid in Full · Loan `7129277008`
## Borrower
- **Name:** NVE, INC.
- **Address:** 455 Springprk Place #200B, HERNDON, VA, 20170
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.02M
- **Initial approval:** $5.02M
- **Forgiven:** $5.07M (101%)
- **Forgiveness date:** 05/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.97M
- **Rent:** $25K
- **Utilities:** $25K
- **Jobs reported:** 315
## Lender
- **Originating:** United Bank
- **Servicing:** United Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*