# PPP loan: INNOVATIVE ANALYTICS, INC.
> **$359K** approved 04/27/2020 · Paid in Full · Loan `5735147201`
## Borrower
- **Name:** INNOVATIVE ANALYTICS, INC.
- **Address:** 161 E MICHIGAN AVE, KALAMAZOO, MI, 49007-3926
- **NAICS:** 541990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $359K
- **Initial approval:** $359K
- **Forgiven:** $362K (101%)
- **Forgiveness date:** 02/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $329K
- **Rent:** $10K
- **Health care:** $20K
- **Jobs reported:** 23
## Lender
- **Originating:** Mercantile Bank
- **Servicing:** Mercantile Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*