# PPP loan: INNOVATIVE V, LLC
> **$390K** approved 04/27/2020 · Paid in Full · Loan `5553857201`
## Borrower
- **Name:** INNOVATIVE V, LLC
- **Address:** 1629 4TH AVE SE, DECATUR, AL, 35601-4900
- **NAICS:** 611620
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $390K
- **Initial approval:** $390K
- **Forgiven:** $393K (101%)
- **Forgiveness date:** 03/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $390K
- **Jobs reported:** 30
## Lender
- **Originating:** Oxford Bank
- **Servicing:** Oxford Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*