# PPP loan: INNOVATIVE CONTROL SOLUTIONS INC
> **$655K** approved 04/27/2020 · Paid in Full · Loan `5805267209`
## Borrower
- **Name:** INNOVATIVE CONTROL SOLUTIONS INC
- **Address:** 1500 Precision Drive Suite 150, Plano, TX, 75074-8664
- **NAICS:** 541512
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $655K
- **Initial approval:** $655K
- **Forgiven:** $662K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $524K
- **Mortgage interest:** $131K
- **Jobs reported:** 25
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*