# PPP loan: INNOVATE MANUFACTURING, INC.
> **$358K** approved 04/08/2020 · Paid in Full · Loan `7793977004`
## Borrower
- **Name:** INNOVATE MANUFACTURING, INC.
- **Address:** 10340 Goldenfern LN, KNOXVILLE, TN, 37931-3138
- **NAICS:** 326160
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $358K
- **Initial approval:** $358K
- **Forgiven:** $360K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $358K
- **Jobs reported:** 46
## Lender
- **Originating:** Home Federal Bank of Tennessee
- **Servicing:** Home Federal Bank of Tennessee (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*