# PPP loan: INNOVATE SOLUTIONS INC
> **$224K** approved 02/12/2021 · Paid in Full · Loan `7740448404`
## Borrower
- **Name:** INNOVATE SOLUTIONS INC
- **Address:** 4701 Patrick Henry Dr Bldg 16, Santa Clara, CA, 95054-1863
- **NAICS:** 518210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $224K
- **Initial approval:** $224K
- **Forgiven:** $228K (102%)
- **Forgiveness date:** 01/30/2023
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $224K
- **Utilities:** $1
- **Jobs reported:** 7
## 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*