# PPP loan: NOVAK LAW, LTD.
> **$223K** approved 04/11/2020 · Charged Off · Loan `3325827104`
## Borrower
- **Name:** NOVAK LAW, LTD.
- **Address:** 33 N LASALLE ST STE 1900, CHICAGO, IL, 60602
- **NAICS:** 541110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $223K
- **Initial approval:** $223K
- **Forgiven:** $189K (85%)
- **Forgiveness date:** 02/24/2022
- **Status:** Charged Off
- **Term:** 6 months
## Use of funds
- **Payroll:** $223K
- **Jobs reported:** 9
## Lender
- **Originating:** Fifth Third Bank
- **Servicing:** Fifth Third Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*