# PPP loan: NOVOMAR, INC.
> **$318K** approved 04/04/2020 · Paid in Full · Loan `4627357007`
## Borrower
- **Name:** NOVOMAR, INC.
- **Address:** 31 SE 5th Street 214, MIAMI, FL, 33131-2504
- **NAICS:** 311412
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $318K
- **Initial approval:** $318K
- **Forgiven:** $321K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $239K
- **Utilities:** $80K
- **Jobs reported:** 9
## Lender
- **Originating:** City National Bank of Florida
- **Servicing:** City National Bank of Florida (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*