# PPP loan: INNOVATIVE PRODUCTS OF AMERICA INCORPORATED
> **$505K** approved 02/27/2021 · Paid in Full · Loan `5066868508`
## Borrower
- **Name:** INNOVATIVE PRODUCTS OF AMERICA INCORPORATED
- **Address:** 234 Tinker St, Woodstock, NY, 12498-1126
- **NAICS:** 333515
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $505K
- **Initial approval:** $528K
- **Forgiven:** $510K (101%)
- **Forgiveness date:** 03/25/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $505K
- **Jobs reported:** 58
## Lender
- **Originating:** New York Business Development Corporation
- **Servicing:** New York Business Development Corporation (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*