# PPP loan: INOLECT LLC
> **$505K** approved 04/08/2020 · Paid in Full · Loan `7674157002`
## Borrower
- **Name:** INOLECT LLC
- **Address:** 4736 WOODLAKE DRIVE, BATON ROUGE, LA, 70817-1830
- **NAICS:** 221118
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $505K
- **Initial approval:** $505K
- **Forgiven:** $512K (102%)
- **Forgiveness date:** 10/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $505K
- **Jobs reported:** 29
## Lender
- **Originating:** IberiaBank, A Division of First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*