# PPP loan: RENOVA ENERGY CORP
> **$1.29M** approved 04/08/2020 · Paid in Full · Loan `8757037001`
## Borrower
- **Name:** RENOVA ENERGY CORP
- **Address:** 75181 MEDITERRANEAN AVE, PALM DESERT, CA, 92211-9094
- **NAICS:** 238990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.29M
- **Initial approval:** $1.29M
- **Forgiven:** $1.30M (101%)
- **Forgiveness date:** 01/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $971K
- **Mortgage interest:** $162K
- **Utilities:** $162K
- **Jobs reported:** 168
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*