# PPP loan: INNOVATIVE VENTURES LLC
> **$1.02M** approved 04/07/2020 · Paid in Full · Loan `7099317005`
## Borrower
- **Name:** INNOVATIVE VENTURES LLC
- **Address:** 901 McClintock Ave, Burr Ridge, IL, 60527
- **NAICS:** 621111
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.02M
- **Initial approval:** $1.02M
- **Forgiven:** $1.04M (101%)
- **Forgiveness date:** 08/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $767K
- **Mortgage interest:** $128K
- **Utilities:** $128K
- **Jobs reported:** 55
## Lender
- **Originating:** Beverly Bank & Trust Company, National Association
- **Servicing:** Beverly 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*