# PPP loan: VARSITY LINCOLN INC
> **$3.03M** approved 05/01/2020 · Paid in Full · Loan `7576897705`
## Borrower
- **Name:** VARSITY LINCOLN INC
- **Address:** 49251 GRAND RIVER AVE, NOVI, MI, 48374-1206
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $3.03M
- **Initial approval:** $3.03M
- **Forgiven:** $1.92M (63%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.03M
- **Jobs reported:** 163
## 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*