# PPP loan: NOVASTEP INC.
> **$218K** approved 05/01/2020 · Paid in Full · Loan `1497857709`
## Borrower
- **Name:** NOVASTEP INC.
- **Address:** 30 RAMLAND RD STE 200, ORANGEBURG, NY, 10962
- **NAICS:** 423450
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $218K
- **Initial approval:** $218K
- **Forgiven:** $173K (79%)
- **Forgiveness date:** 02/10/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $206K
- **Rent:** $11K
- **Utilities:** $800
- **Jobs reported:** 11
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*