PPP Loan information for Innovative business systems inc

$437,162

Innovative business systems inc was initially approved for PPP Loan of amount $437,162, the current approved amount is $437,162. The loan was approved on 06/11/2020 by The Southbridge CU reported 30 jobs and $437,162 was used to fund payroll.

Innovative business systems inc is Existing or more than 2 years old

PPP Loan Search / MA / EASTHAMPTON / Innovative business systems inc

INNOVATIVE BUSINESS SYSTEMS INC

Date Approved

06/11/2020

SBA Office Code

0130

Processing Method

PPP

Borrower Name

INNOVATIVE BUSINESS SYSTEMS INC

Borrower Address

180 PLEASANT ST Suite 3

Borrower City

EASTHAMPTON

Borrower State

MA

Borrower Zip

01027-1156

Loan Status Date

07/07/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

437162.00

Current Approval Amount

437162.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

98560

Servicing Lender Name

Southbridge CU

Servicing Lender Address

155 Main St

Servicing Lender City

SOUTHBRIDGE

Servicing Lender State

MA

Servicing Lender Zip

01550-2524

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

EASTHAMPTON

Project County Name

HAMPSHIRE

Project State

MA

Project Zip

01027-1156

CD

MA-01

Jobs Reported

30

NAICS Code

541513

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

437162.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

98560

Originating Lender

Southbridge CU

Originating Lender City

SOUTHBRIDGE

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

441461.76

Forgiveness Date

06/24/2021

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