# PPP loan: NOVA FITNESS, INC.
> **$296K** approved 04/11/2020 · Charged Off · Loan `2928717100`
## Borrower
- **Name:** NOVA FITNESS, INC.
- **Address:** 67 Leonard Street 0.0, New York, NY, 10013-3409
- **NAICS:** 713940
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $296K
- **Initial approval:** $296K
- **Forgiven:** $186K (63%)
- **Forgiveness date:** 07/08/2021
- **Status:** Charged Off
- **Term:** 1 months
## Use of funds
- **Payroll:** $204K
- **Rent:** $90K
- **Utilities:** $2K
- **Jobs reported:** 17
## 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*