# PPP loan: INNOVATIVE BUSINESS FURNITURE INC
> **$159K** approved 01/25/2021 · Paid in Full · Loan `5441998308`
## Borrower
- **Name:** INNOVATIVE BUSINESS FURNITURE INC
- **Address:** 3837 Elm Springs Rd, Springdale, AR, 72762-2704
- **NAICS:** 423210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $159K
- **Initial approval:** $159K
- **Forgiven:** $159K (101%)
- **Forgiveness date:** 09/07/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $158K
- **Utilities:** $1
- **Jobs reported:** 18
## Lender
- **Originating:** First Security Bank
- **Servicing:** First Security Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*