# PPP loan: INNOVATIVE WIRELESS TECHNOLOGIES, INC.
> **$576K** approved 04/10/2020 · Paid in Full · Loan `1808067107`
## Borrower
- **Name:** INNOVATIVE WIRELESS TECHNOLOGIES, INC.
- **Address:** 1100 MAIN ST, LYNCHBURG, VA, 24504-1700
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $576K
- **Initial approval:** $576K
- **Forgiven:** $465K (81%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $576K
- **Jobs reported:** 40
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*