# PPP loan: NOVEL MEDICINE, P.C.
> **$232K** approved 05/01/2020 · Paid in Full · Loan `3737987701`
## Borrower
- **Name:** NOVEL MEDICINE, P.C.
- **Address:** 49 LASALLE AVE, RYE, NY, 10580
- **NAICS:** 621999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $232K
- **Initial approval:** $232K
- **Forgiven:** $235K (101%)
- **Forgiveness date:** 07/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $203K
- **Rent:** $17K
- **Mortgage interest:** $1K
- **Utilities:** $5K
- **Health care:** $6K
- **Jobs reported:** 13
## 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*