# PPP loan: INNOVATIVE CONSTRUCTION INC.
> **$389K** approved 02/07/2021 · Paid in Full · Loan `5103758401`
## Borrower
- **Name:** INNOVATIVE CONSTRUCTION INC.
- **Address:** 295 Main Rd, Tiverton, RI, 02878-1321
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $389K
- **Initial approval:** $389K
- **Forgiven:** $392K (101%)
- **Forgiveness date:** 10/22/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $389K
- **Utilities:** $1
- **Jobs reported:** 33
## Lender
- **Originating:** BankNewport
- **Servicing:** BankNewport (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*