# PPP loan: NOVELTY INFO TECH INC
> **$489K** approved 04/16/2020 · Paid in Full · Loan `2898107201`
## Borrower
- **Name:** NOVELTY INFO TECH INC
- **Address:** 4080 MCGINNIS FERRY RD STE 1408, ALPHARETTA, GA, 30005
- **NAICS:** 541519
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $489K
- **Initial approval:** $489K
- **Forgiven:** $494K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $489K
- **Jobs reported:** 20
## 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*