# PPP loan: INOVATIV, INC
> **$264K** approved 04/11/2020 · Paid in Full · Loan `3064927100`
## Borrower
- **Name:** INOVATIV, INC
- **Address:** 5600 AYALA AVE, IRWINDALE, CA, 91706-6232
- **NAICS:** 332313
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $264K
- **Initial approval:** $264K
- **Forgiven:** $267K (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $234K
- **Rent:** $17K
- **Utilities:** $6K
- **Health care:** $8K
- **Jobs reported:** 22
## 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*