# PPP loan: INNOVATIVE RESEARCH, INC
> **$157K** approved 05/01/2020 · Paid in Full · Loan `7103067703`
## Borrower
- **Name:** INNOVATIVE RESEARCH, INC
- **Address:** 46430 PEARY CT, NOVI, MI, 48377-1732
- **NAICS:** 541711
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $157K
- **Initial approval:** $118K
- **Forgiven:** $158K (101%)
- **Forgiveness date:** 02/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $157K
- **Jobs reported:** 10
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*