# PPP loan: INNOVANT, INC.
> **$2.60M** approved 04/05/2020 · Paid in Full · Loan `5248127002`
## Borrower
- **Name:** INNOVANT, INC.
- **Address:** 167 OVAL DR, ISLANDIA, NY, 11749-1402
- **NAICS:** 337211
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $2.60M
- **Initial approval:** $2.60M
- **Forgiven:** $2.63M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.60M
- **Jobs reported:** 172
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*