PPP Loan information for Innovative transportation solutions

$198,973

Innovative transportation solutions was initially approved for PPP Loan of amount $198,973, the current approved amount is $198,973. The loan was approved on 04/13/2020 by The Byron Bank reported 20 jobs and $198,973 was used to fund payroll.

Innovative transportation solutions is Change of Ownership

PPP Loan Search / IL / ROCKFORD / Innovative transportation solutions

INNOVATIVE TRANSPORTATION SOLUTIONS

Date Approved

04/13/2020

SBA Office Code

0507

Processing Method

PPP

Borrower Name

INNOVATIVE TRANSPORTATION SOLUTIONS

Borrower Address

431 S. PHELPS AVE Building #6 Unit #603

Borrower City

ROCKFORD

Borrower State

IL

Borrower Zip

61108-3100

Loan Status Date

05/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

198972.50

Current Approval Amount

198972.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

20369

Servicing Lender Name

Byron Bank

Servicing Lender Address

200 N Walnut

Servicing Lender City

BYRON

Servicing Lender State

IL

Servicing Lender Zip

61010-8803

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Change of Ownership

Project City

ROCKFORD

Project County Name

WINNEBAGO

Project State

IL

Project Zip

61108-3100

CD

IL-17

Jobs Reported

20

NAICS Code

488320

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

3979.45

Payroll Proceed

159178.00

Mortgage Interest Proceed

5969.17

Rent Proceed

29845.88

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

20369

Originating Lender

Byron Bank

Originating Lender City

BYRON

Originating Lender State

IL

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

200895.90

Forgiveness Date

03/31/2021

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