# PPP loan: INNOVATIVE AUTOMOTIVE HOLDINGS, LLC
> **$411K** approved 04/12/2020 · Paid in Full · Loan `3816557100`
## Borrower
- **Name:** INNOVATIVE AUTOMOTIVE HOLDINGS, LLC
- **Address:** 67615 E. Palm Canyon Dr, CATHEDRAL CITY, CA, 92234-5454
- **NAICS:** 441110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $411K
- **Initial approval:** $411K
- **Forgiven:** $415K (101%)
- **Forgiveness date:** 04/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $319K
- **Rent:** $32K
- **Utilities:** $13K
- **Health care:** $10K
- **Debt interest:** $38K
- **Jobs reported:** 44
## Lender
- **Originating:** Pacific Premier Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*