# PPP loan: NOVO ENGINEERING INC.
> **$1.57M** approved 03/24/2021 · Paid in Full · Loan `8104958604`
## Borrower
- **Name:** NOVO ENGINEERING INC.
- **Address:** 1350 Specialty Dr Ste A, Vista, CA, 92081-8522
- **NAICS:** 541330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.57M
- **Initial approval:** $1.57M
- **Forgiven:** $1.58M (101%)
- **Forgiveness date:** 01/28/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.57M
- **Utilities:** $1
- **Jobs reported:** 80
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*