# PPP loan: INNOVATIVE GROWERS EQUIPMENT, INC.
> **$339K** approved 04/28/2020 · Paid in Full · Loan `6734797200`
## Borrower
- **Name:** INNOVATIVE GROWERS EQUIPMENT, INC.
- **Address:** 411 N CALIFORNIA ST, SYCAMORE, IL, 60178-1290
- **NAICS:** 454390
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $339K
- **Initial approval:** $339K
- **Forgiven:** $343K (101%)
- **Forgiveness date:** 05/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $290K
- **Rent:** $49K
- **Jobs reported:** 71
## Lender
- **Originating:** Resource Bank, National Association
- **Servicing:** Resource Bank, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*