# PPP loan: INNOVATIVE COMMUNICATION SYSTEMS,INC
> **$869K** approved 04/07/2020 · Paid in Full · Loan `7042627003`
## Borrower
- **Name:** INNOVATIVE COMMUNICATION SYSTEMS,INC
- **Address:** 10430 Gulfdale, SAN ANTONIO, TX, 78216
- **NAICS:** 532420
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $869K
- **Initial approval:** $869K
- **Forgiven:** $879K (101%)
- **Forgiveness date:** 06/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $652K
- **Rent:** $130K
- **Utilities:** $43K
- **Health care:** $43K
- **Jobs reported:** 53
## Lender
- **Originating:** Texas Partners Bank
- **Servicing:** Texas Partners Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*