# PPP loan: ALVA INC
> **$424K** approved 01/28/2021 · Paid in Full · Loan `7348838300`
## Borrower
- **Name:** ALVA INC
- **Address:** 44401 Ford Rd, Canton, MI, 48187-2964
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $424K
- **Initial approval:** $424K
- **Forgiven:** $429K (101%)
- **Forgiveness date:** 02/16/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $424K
- **Utilities:** $1
- **Jobs reported:** 126
## Lender
- **Originating:** Commercial Bank
- **Servicing:** Commercial Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*