# PPP loan: NOVELTY MACHINE & SUPPLY CO.
> **$188K** approved 04/07/2020 · Paid in Full · Loan `7529387005`
## Borrower
- **Name:** NOVELTY MACHINE & SUPPLY CO.
- **Address:** 1635 ZENITH DR, SIOUX CITY, IA, 51103-5206
- **NAICS:** 423830
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $188K
- **Initial approval:** $188K
- **Forgiven:** $190K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $151K
- **Utilities:** $17K
- **Health care:** $21K
- **Jobs reported:** 15
## Lender
- **Originating:** The Security National Bank of Sioux City, Iowa
- **Servicing:** The Security National Bank of Sioux City, Iowa (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*