# PPP loan: INNOVATIVE BIOSCIENCES CORPORATION
> **$300K** approved 05/01/2020 · Paid in Full · Loan `1328167702`
## Borrower
- **Name:** INNOVATIVE BIOSCIENCES CORPORATION
- **Address:** 1849 DIAMOND ST, SAN MARCOS, CA, 92078
- **NAICS:** 325620
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $300K
- **Initial approval:** $300K
- **Forgiven:** $304K (101%)
- **Forgiveness date:** 07/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $225K
- **Rent:** $47K
- **Mortgage interest:** $11K
- **Utilities:** $10K
- **Health care:** $5K
- **Debt interest:** $2K
- **Jobs reported:** 29
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*