# PPP loan: NOVEL REMODELING INC.
> **$275K** approved 03/09/2021 · Paid in Full · Loan `8439288508`
## Borrower
- **Name:** NOVEL REMODELING INC.
- **Address:** 263 W Olive Ave # 122, Burbank, CA, 91502-1825
- **NAICS:** 236118
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $275K
- **Initial approval:** $275K
- **Forgiven:** $277K (101%)
- **Forgiveness date:** 10/06/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $275K
- **Utilities:** $1
- **Jobs reported:** 50
## Lender
- **Originating:** Banc of California
- **Servicing:** Banc of California (CA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*