# PPP loan: INNOVATIVE COMMUNICATIONS, INC
> **$279K** approved 04/04/2020 · Paid in Full · Loan `4741737007`
## Borrower
- **Name:** INNOVATIVE COMMUNICATIONS, INC
- **Address:** 789 BRIDGEVIEW, SAGINAW, MI, 48604-1175
- **NAICS:** 541512
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $279K
- **Initial approval:** $279K
- **Forgiven:** $281K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $225K
- **Rent:** $10K
- **Utilities:** $6K
- **Health care:** $39K
- **Jobs reported:** 23
## Lender
- **Originating:** 1st State Bank
- **Servicing:** 1st State Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*