PPP Loan information for Innovative life solutions, inc.

$2,860,380

Innovative life solutions, inc. was initially approved for PPP Loan of amount $2,860,380, the current approved amount is $2,860,380. The loan was approved on 04/07/2020 by The Sandy Spring Bank reported 428 jobs and $2,860,380 was used to fund payroll.

Innovative life solutions, inc. is Existing or more than 2 years old

PPP Loan Search / MD / SILVER SPRING / Innovative life solutions, inc.

INNOVATIVE LIFE SOLUTIONS, INC.

Date Approved

04/07/2020

SBA Office Code

0353

Processing Method

PPP

Borrower Name

INNOVATIVE LIFE SOLUTIONS, INC.

Borrower Address

8484 Georgia Ave. Suite 900

Borrower City

SILVER SPRING

Borrower State

MD

Borrower Zip

20910-5604

Loan Status Date

10/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2860380.00

Current Approval Amount

2860380.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

30872

Servicing Lender Name

Sandy Spring Bank

Servicing Lender Address

17801 Georgia Ave

Servicing Lender City

OLNEY

Servicing Lender State

MD

Servicing Lender Zip

20832-2233

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

SILVER SPRING

Project County Name

MONTGOMERY

Project State

MD

Project Zip

20910-5604

CD

MD-08

Jobs Reported

428

NAICS Code

623210

Race

Black or African American

Ethnicity

Not Hispanic or Latino

Utilities Proceed

85056.00

Payroll Proceed

2622878.00

Mortgage Interest Proceed

0.00

Rent Proceed

83908.00

Refinance EIDL Proceed

0.00

Health Care Proceed

68538.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

30872

Originating Lender

Sandy Spring Bank

Originating Lender City

OLNEY

Originating Lender State

MD

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2899955.12

Forgiveness Date

09/09/2021

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