# PPP loan: RENOVA ENERGY CORPORATION
> **$1.75M** approved 03/02/2021 · Paid in Full · Loan `5842488505`
## Borrower
- **Name:** RENOVA ENERGY CORPORATION
- **Address:** 75181 Mediterranean, Palm Desert, CA, 92211-9094
- **NAICS:** 221114
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.75M
- **Initial approval:** $1.75M
- **Forgiven:** $1.77M (101%)
- **Forgiveness date:** 02/22/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.75M
- **Jobs reported:** 205
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*