# PPP loan: NOVAN INC
> **$956K** approved 04/14/2020 · Paid in Full · Loan `7002337103`
## Borrower
- **Name:** NOVAN INC
- **Address:** 4105 Hopson Road, Morrisville, NC, 27560-9018
- **NAICS:** 325412
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $956K
- **Initial approval:** $956K
- **Forgiven:** $967K (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $956K
- **Jobs reported:** 28
## Lender
- **Originating:** PNC Bank, National Association
- **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*