# PPP loan: INNOVATIVE PACKAGING SOLUTIONS, INC.
> **$166K** approved 04/13/2020 · Paid in Full · Loan `4824387102`
## Borrower
- **Name:** INNOVATIVE PACKAGING SOLUTIONS, INC.
- **Address:** 2860 N El Paso Street, Colorado Springs, CO, 80907-6302
- **NAICS:** 561910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $166K
- **Initial approval:** $166K
- **Forgiven:** $167K (101%)
- **Forgiveness date:** 12/21/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $166K
- **Jobs reported:** 13
## Lender
- **Originating:** 5Star Bank
- **Servicing:** 5Star Bank (CO)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*