# PPP loan: NORVIC SHIPPING USA INC.
> **$709K** approved 04/28/2020 · Paid in Full · Loan `8245577202`
## Borrower
- **Name:** NORVIC SHIPPING USA INC.
- **Address:** 16190 CITY WALK STE 250, SUGAR LAND, TX, 77479-6587
- **NAICS:** 483111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $709K
- **Initial approval:** $709K
- **Forgiven:** $717K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $709K
- **Jobs reported:** 22
## Lender
- **Originating:** HSBC Bank USA, National Association
- **Servicing:** HSBC Bank USA, National Association (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*