PPP Loan information for Innovative, incorporated

$575,000

Innovative, incorporated was initially approved for PPP Loan of amount $575,000, the current approved amount is $575,000. The loan was approved on 04/06/2020 by The Middletown Valley Bank reported 40 jobs and $575,000 was used to fund payroll.

Innovative, incorporated is Change of Ownership

PPP Loan Search / MD / HAGERSTOWN / Innovative, incorporated

INNOVATIVE, INCORPORATED

Date Approved

04/06/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

INNOVATIVE, INCORPORATED

Borrower Address

13332 PENNSYLVANIA AVE

Borrower City

HAGERSTOWN

Borrower State

MD

Borrower Zip

21742-2675

Loan Status Date

12/15/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

575000.00

Current Approval Amount

575000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

30754

Servicing Lender Name

Middletown Valley Bank

Servicing Lender Address

24 W Main St

Servicing Lender City

MIDDLETOWN

Servicing Lender State

MD

Servicing Lender Zip

21769-8005

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Change of Ownership

Project City

HAGERSTOWN

Project County Name

WASHINGTON

Project State

MD

Project Zip

21742-2675

CD

MD-06

Jobs Reported

40

NAICS Code

541512

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

575000.00

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

30754

Originating Lender

Middletown Valley Bank

Originating Lender City

MIDDLETOWN

Originating Lender State

MD

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

578593.75

Forgiveness Date

11/27/2020

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