# PPP loan: INNOVATE SOLUTIONS INC
> **$198K** approved 05/01/2020 · Paid in Full · Loan `6406537705`
## Borrower
- **Name:** INNOVATE SOLUTIONS INC
- **Address:** BLDG 22 4701 PATRICK HENRY DR STE 127, SANTA CLARA, CA, 95054-1889
- **NAICS:** 541611
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $198K
- **Initial approval:** $198K
- **Forgiven:** $201K (102%)
- **Forgiveness date:** 01/04/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $198K
- **Jobs reported:** 9
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*