# PPP loan: INNOVATIVE TRANSPORTATION SOLUTIONS
> **$199K** approved 04/13/2020 · Paid in Full · Loan `5074147105`
## Borrower
- **Name:** INNOVATIVE TRANSPORTATION SOLUTIONS
- **Address:** 431 S. PHELPS AVE Building #6 Unit #603, ROCKFORD, IL, 61108-3100
- **NAICS:** 488320
- **Business type:** Corporation
- **Business age:** Change of Ownership
## Loan
- **Approval amount:** $199K
- **Initial approval:** $199K
- **Forgiven:** $201K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $159K
- **Rent:** $30K
- **Mortgage interest:** $6K
- **Utilities:** $4K
- **Jobs reported:** 20
## Lender
- **Originating:** Byron Bank
- **Servicing:** Byron Bank (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*