# PPP loan: INNOVATIVE PHARMACY SERVICES INC
> **$280K** approved 04/09/2020 · Paid in Full · Loan `1138147107`
## Borrower
- **Name:** INNOVATIVE PHARMACY SERVICES INC
- **Address:** 1070 Tunnel Rd, ASHEVILLE, NC, 28805-2014
- **NAICS:** 446110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $280K
- **Initial approval:** $280K
- **Forgiven:** $282K (101%)
- **Forgiveness date:** 12/15/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $268K
- **Rent:** $8K
- **Utilities:** $3K
- **Debt interest:** $1K
- **Jobs reported:** 38
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*