# PPP loan: INNOVATIVE BUSINESS SOLUTIONS, INC.
> **$418K** approved 04/06/2020 · Paid in Full · Loan `6043437002`
## Borrower
- **Name:** INNOVATIVE BUSINESS SOLUTIONS, INC.
- **Address:** 6400 REDWOOD DR, ROHNERT PARK, CA, 94928-2326
- **NAICS:** 541214
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $418K
- **Initial approval:** $418K
- **Forgiven:** $421K (101%)
- **Forgiveness date:** 11/25/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $380K
- **Rent:** $24K
- **Utilities:** $14K
- **Jobs reported:** 28
## Lender
- **Originating:** Summit State Bank
- **Servicing:** Summit State Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*