PPP Loan information for Innovative concepts inc

$82,050

Innovative concepts inc was initially approved for PPP Loan of amount $82,050, the current approved amount is $82,050. The loan was approved on 04/27/2020 by The Bank of America, National Association reported 16 jobs and $82,050 was used to fund payroll.

Innovative concepts inc is Existing or more than 2 years old

PPP Loan Search / MD / SILVER SPRING / Innovative concepts inc

INNOVATIVE CONCEPTS INC

Date Approved

04/27/2020

SBA Office Code

0353

Processing Method

PPP

Borrower Name

INNOVATIVE CONCEPTS INC

Borrower Address

STE 132 9466 GEORGIA AVE

Borrower City

SILVER SPRING

Borrower State

MD

Borrower Zip

20910-1456

Loan Status Date

10/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

82050.00

Current Approval Amount

82050.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SILVER SPRING

Project County Name

MONTGOMERY

Project State

MD

Project Zip

20910-1456

CD

MD-08

Jobs Reported

16

NAICS Code

561990

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

82050.00

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

Non-Profit Organization

Originating Lender Location Id

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

83068.32

Forgiveness Date

08/05/2021

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