# PPP loan: BUSINESS INNOVATION PARTNERS, LLC
> **$171K** approved 04/07/2020 · Exemption 4 · Loan `6950587005`
## Borrower
- **Name:** BUSINESS INNOVATION PARTNERS, LLC
- **Address:** 15 CENTURY BLVD STE 303, NASHVILLE, TN, 37214-3615
- **NAICS:** 611430
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $171K
- **Initial approval:** $171K
- **Forgiven:** $155K (91%)
- **Forgiveness date:** 01/04/2022
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $158K
- **Rent:** $13K
- **Jobs reported:** 20
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*