# PPP loan: NOVAK INSURANCE AGENCY, INC.
> **$391K** approved 04/14/2020 · Paid in Full · Loan `5879237105`
## Borrower
- **Name:** NOVAK INSURANCE AGENCY, INC.
- **Address:** 30775 BAINBRIDGE RD, SOLON, OH, 44139-2266
- **NAICS:** 524210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $391K
- **Initial approval:** $391K
- **Forgiven:** $394K (101%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $323K
- **Rent:** $18K
- **Utilities:** $10K
- **Health care:** $40K
- **Jobs reported:** 27
## Lender
- **Originating:** Civista Bank
- **Servicing:** Civista Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*