# PPP loan: INNOVATIVE FLOOR SYSTEMS, INC.
> **$172K** approved 04/15/2020 · Paid in Full · Loan `9030517105`
## Borrower
- **Name:** INNOVATIVE FLOOR SYSTEMS, INC.
- **Address:** 6800 MCLEAN WAY, Glen Burnie, MD, 21060
- **NAICS:** 238330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $172K
- **Initial approval:** $172K
- **Forgiven:** $173K (101%)
- **Forgiveness date:** 12/15/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $141K
- **Rent:** $17K
- **Utilities:** $1K
- **Health care:** $13K
- **Jobs reported:** 16
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*