# PPP loan: NU INSULATION INC.
> **$845K** approved 02/17/2021 · Paid in Full · Loan `9486428401`
## Borrower
- **Name:** NU INSULATION INC.
- **Address:** 2386 W Shoaff Rd, Huntertown, IN, 46748-9484
- **NAICS:** 238990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $845K
- **Initial approval:** $845K
- **Forgiven:** $849K (100%)
- **Forgiveness date:** 07/19/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $845K
- **Utilities:** $1
- **Jobs reported:** 42
## Lender
- **Originating:** Farmers and Merchants Bank
- **Servicing:** Farmers and Merchants Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*