# PPP loan: SC NOVI INC.
> **$358K** approved 02/17/2021 · Paid in Full · Loan `9759998404`
## Borrower
- **Name:** SC NOVI INC.
- **Address:** 41875 W 11 Mile Rd Ste 202, Novi, MI, 48375-1877
- **NAICS:** 561312
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $358K
- **Initial approval:** $358K
- **Forgiven:** $362K (101%)
- **Forgiveness date:** 05/24/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $358K
- **Utilities:** $1
- **Jobs reported:** 16
## Lender
- **Originating:** KeyBank National Association
- **Servicing:** KeyBank National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*