# PPP loan: INNOVATIVE AG SERVICES CO.
> **$4.90M** approved 04/06/2020 · Paid in Full · Loan `5799757010`
## Borrower
- **Name:** INNOVATIVE AG SERVICES CO.
- **Address:** 2010 MAIN ST, MONTICELLO, IA, 52310-7707
- **NAICS:** 926140
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.90M
- **Initial approval:** $4.70M
- **Forgiven:** $4.96M (101%)
- **Forgiveness date:** 05/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.67M
- **Rent:** $613K
- **Utilities:** $613K
- **Jobs reported:** 250
## Lender
- **Originating:** First Citizens Bank
- **Servicing:** First Citizens Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*