# PPP loan: INNOVATIVE BUILDING CONCEPTS, LLC
> **$422K** approved 04/10/2020 · Paid in Full · Loan `1269577107`
## Borrower
- **Name:** INNOVATIVE BUILDING CONCEPTS, LLC
- **Address:** 849 W 80th Street, Bloomington, MN, 55420-1027
- **NAICS:** 238990
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $422K
- **Initial approval:** $422K
- **Forgiven:** $425K (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $362K
- **Rent:** $12K
- **Utilities:** $3K
- **Health care:** $44K
- **Jobs reported:** 29
## Lender
- **Originating:** VisionBank
- **Servicing:** VisionBank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*