# PPP loan: KONOVER SOUTH DEVELOPMENT CORPORATION
> **$322K** approved 04/05/2020 · Paid in Full · Loan `5150237002`
## Borrower
- **Name:** KONOVER SOUTH DEVELOPMENT CORPORATION
- **Address:** 431 Fairway Dr. ste 201, DEERFIELD BEACH, FL, 33441-1823
- **NAICS:** 531311
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $322K
- **Initial approval:** $322K
- **Forgiven:** $326K (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $242K
- **Utilities:** $81K
- **Jobs reported:** 15
## 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*