# PPP loan: TEXINNOVATE INC
> **$612K** approved 04/30/2020 · Paid in Full · Loan `7094767306`
## Borrower
- **Name:** TEXINNOVATE INC
- **Address:** 7109 CESSNA DR, GREENSBORO, NC, 27409-9793
- **NAICS:** 333517
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $612K
- **Initial approval:** $612K
- **Forgiven:** $618K (101%)
- **Forgiveness date:** 04/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $612K
- **Jobs reported:** 55
## Lender
- **Originating:** First National Bank of Pennsylvania
- **Servicing:** First National Bank of Pennsylvania (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*