# PPP loan: INNOVATIVE CORROSION CONTROL INC.
> **$306K** approved 01/25/2021 · Exemption 4 · Loan `5227228310`
## Borrower
- **Name:** INNOVATIVE CORROSION CONTROL INC.
- **Address:** 1385 Wald Rd, New Braunfels, TX, 78132-5014
- **NAICS:** 562910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $306K
- **Initial approval:** $306K
- **Forgiven:** $254K (83%)
- **Forgiveness date:** 04/21/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $306K
- **Utilities:** $1
- **Jobs reported:** 30
## Lender
- **Originating:** Frost Bank
- **Servicing:** Frost Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*