# PPP loan: INNOVATIVE BEVERAGE GROUP LLC
> **$155K** approved 04/10/2020 · Charged Off · Loan `2561527105`
## Borrower
- **Name:** INNOVATIVE BEVERAGE GROUP LLC
- **Address:** 1430 N. HARPER AVE SUITE 311, WEST HOLLYWOOD, CA, 90046-3711
- **NAICS:** 312140
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $155K
- **Initial approval:** $155K
- **Forgiven:** $51K (33%)
- **Forgiveness date:** 04/04/2023
- **Status:** Charged Off
- **Term:** 22 months
## Use of funds
- **Payroll:** $143K
- **Rent:** $9K
- **Health care:** $4K
- **Jobs reported:** 2
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*