# PPP loan: NOVAK HEATING & AIR CONDITIONI
> **$278K** approved 04/03/2020 · Paid in Full · Loan `4350487007`
## Borrower
- **Name:** NOVAK HEATING & AIR CONDITIONI
- **Address:** 820 N 15TH AVE, HIAWATHA, IA, 52233-2317
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $278K
- **Initial approval:** $278K
- **Forgiven:** $280K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $278K
- **Jobs reported:** 19
## Lender
- **Originating:** Farmers & Merchants Savings Bank
- **Servicing:** Farmers & Merchants Savings Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*