# PPP loan: INNOVATIVE HEATING & ENERGY, LLC
> **$241K** approved 04/11/2020 · Paid in Full · Loan `3036407100`
## Borrower
- **Name:** INNOVATIVE HEATING & ENERGY, LLC
- **Address:** 3790 N STATE ROAD 5, SHIPSHEWANA, IN, 46565-9094
- **NAICS:** 423830
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $241K
- **Initial approval:** $241K
- **Forgiven:** $242K (101%)
- **Forgiveness date:** 12/21/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $180K
- **Mortgage interest:** $60K
- **Jobs reported:** 25
## Lender
- **Originating:** First State Bank of Middlebury
- **Servicing:** First State Bank of Middlebury (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*