# PPP loan: INNOVATIVE COATINGS, INC.
> **$178K** approved 05/01/2020 · Paid in Full · Loan `6137297706`
## Borrower
- **Name:** INNOVATIVE COATINGS, INC.
- **Address:** 24 JAYAR RD, MEDWAY, MA, 02053-1734
- **NAICS:** 332812
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $178K
- **Initial approval:** $178K
- **Forgiven:** $179K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $178K
- **Jobs reported:** 23
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*