# PPP loan: INNOVATE TECHNOLOGIES, INC.
> **$161K** approved 04/14/2020 · Paid in Full · Loan `6855367109`
## Borrower
- **Name:** INNOVATE TECHNOLOGIES, INC.
- **Address:** 761 N 17TH STREET, UNIT 5, ST. CHARLES, IL, 60174-9480
- **NAICS:** 454390
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $161K
- **Initial approval:** $161K
- **Forgiven:** $162K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $129K
- **Rent:** $30K
- **Utilities:** $2K
- **Jobs reported:** 13
## Lender
- **Originating:** First Mid Bank and Trust National Association
- **Servicing:** First Mid Bank & Trust, National Association (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*