# PPP loan: NOVA RESTAURANTS INC
> **$3.29M** approved 04/08/2020 · Paid in Full · Loan `7851707003`
## Borrower
- **Name:** NOVA RESTAURANTS INC
- **Address:** 5751 NW 151 Street, MIAMI, FL, 33014
- **NAICS:** 722513
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.29M
- **Initial approval:** $3.30M
- **Forgiven:** $3.33M (101%)
- **Forgiveness date:** 08/18/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.47M
- **Utilities:** $823K
- **Jobs reported:** 500
## 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*