# PPP loan: INNOVATIVE MANAGEMENT ALTERNATIVES, LLC
> **$220K** approved 04/07/2020 · Paid in Full · Loan `6921997000`
## Borrower
- **Name:** INNOVATIVE MANAGEMENT ALTERNATIVES, LLC
- **Address:** 5701 THURSTON AVE SUITE 103, VIRGINIA BEACH, VA, 23455-3304
- **NAICS:** 561499
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $220K
- **Initial approval:** $220K
- **Forgiven:** $222K (101%)
- **Forgiveness date:** 03/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $220K
- **Jobs reported:** 24
## Lender
- **Originating:** Southern Bank and Trust Company
- **Servicing:** Southern Bank and Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*