# PPP loan: INNOVATIVE LIFE SOLUTIONS, INC.
> **$2.86M** approved 04/07/2020 · Paid in Full · Loan `7505397003`
## Borrower
- **Name:** INNOVATIVE LIFE SOLUTIONS, INC.
- **Address:** 8484 Georgia Ave. Suite 900, SILVER SPRING, MD, 20910-5604
- **NAICS:** 623210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.86M
- **Initial approval:** $2.86M
- **Forgiven:** $2.90M (101%)
- **Forgiveness date:** 09/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.62M
- **Rent:** $84K
- **Utilities:** $85K
- **Health care:** $69K
- **Jobs reported:** 428
## Lender
- **Originating:** Sandy Spring Bank
- **Servicing:** Sandy Spring Bank (MD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*