# PPP loan: INNOVATIVE SURFACES, INC.
> **$1.45M** approved 04/05/2020 · Paid in Full · Loan `5558537002`
## Borrower
- **Name:** INNOVATIVE SURFACES, INC.
- **Address:** 515 Spiral Blvd, HASTINGS, MN, 55033-3650
- **NAICS:** 337110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.45M
- **Initial approval:** $1.45M
- **Forgiven:** $1.42M (98%)
- **Forgiveness date:** 05/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.38M
- **Rent:** $44K
- **Utilities:** $29K
- **Jobs reported:** 100
## Lender
- **Originating:** Vermillion State Bank
- **Servicing:** Vermillion State Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*