# PPP loan: INNOVATIVE PROCESS SOLUTIONS
> **$224K** approved 02/05/2021 · Paid in Full · Loan `3508118407`
## Borrower
- **Name:** INNOVATIVE PROCESS SOLUTIONS
- **Address:** 307 Waverley Oaks Rd, Waltham, MA, 02452-8449
- **NAICS:** 541330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $224K
- **Initial approval:** $224K
- **Forgiven:** $226K (101%)
- **Forgiveness date:** 10/27/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $224K
- **Jobs reported:** 11
## Lender
- **Originating:** Middlesex Savings Bank
- **Servicing:** Middlesex Savings Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*