# PPP loan: INNOVATIVE HOSPITALITY GROUP LLC
> **$207K** approved 02/09/2021 · Exemption 4 · Loan `5589508406`
## Borrower
- **Name:** INNOVATIVE HOSPITALITY GROUP LLC
- **Address:** 1055 Trend Dr Ste 103, Carrollton, TX, 75006-5462
- **NAICS:** 722514
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $207K
- **Initial approval:** $207K
- **Forgiven:** $186K (90%)
- **Forgiveness date:** 12/15/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $207K
- **Utilities:** $1
- **Jobs reported:** 16
## Lender
- **Originating:** Zions Bank, A Division of
- **Servicing:** Zions Bank, A Division of (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*