# PPP loan: INNOVATIVE MANAGEMENT ALTERNATIVES LLC
> **$239K** approved 02/05/2021 · Paid in Full · Loan `3631768409`
## Borrower
- **Name:** INNOVATIVE MANAGEMENT ALTERNATIVES LLC
- **Address:** 5701 Thurston Ave Ste 103, Virginia Beach, VA, 23455-3331
- **NAICS:** 541611
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $239K
- **Initial approval:** $239K
- **Forgiven:** $241K (101%)
- **Forgiveness date:** 12/29/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $239K
- **Utilities:** $1
- **Jobs reported:** 23
## Lender
- **Originating:** Southern Bank and Trust Company
- **Servicing:** Southern Bank and Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*