# PPP loan: INNOVATED PACKAGING COMPANY, INC.
> **$896K** approved 04/29/2020 · Paid in Full · Loan `2464027302`
## Borrower
- **Name:** INNOVATED PACKAGING COMPANY, INC.
- **Address:** 38505 CHERRY ST, NEWARK, CA, 94560
- **NAICS:** 561910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $896K
- **Initial approval:** $42K
- **Forgiven:** $901K (101%)
- **Forgiveness date:** 11/24/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $896K
- **Jobs reported:** 68
## Lender
- **Originating:** US Bank National Association
- **Servicing:** U.S. Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*