# PPP loan: INNOVATIVE MARKETING SOLUTIONS, INC.
> **$312K** approved 04/07/2020 · Paid in Full · Loan `6933917006`
## Borrower
- **Name:** INNOVATIVE MARKETING SOLUTIONS, INC.
- **Address:** 1320 PLUM GROVE RD, SCHAUMBURG, IL, 60173-4546
- **NAICS:** 541613
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $312K
- **Initial approval:** $312K
- **Forgiven:** $314K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $234K
- **Rent:** $74K
- **Utilities:** $4K
- **Jobs reported:** 16
## Lender
- **Originating:** Libertyville Bank & Trust Company, National Association
- **Servicing:** Libertyville Bank & Trust Company, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*