# PPP loan: INNOVATIVE INSURANCE SERVICES, LLC
> **$158K** approved 04/09/2020 · Paid in Full · Loan `9564817008`
## Borrower
- **Name:** INNOVATIVE INSURANCE SERVICES, LLC
- **Address:** 8001 Old Carriage Court Suite B, SHAKOPEE, MN, 55379-3157
- **NAICS:** 524210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $158K
- **Initial approval:** $158K
- **Forgiven:** $160K (101%)
- **Forgiveness date:** 03/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $138K
- **Rent:** $20K
- **Jobs reported:** 13
## Lender
- **Originating:** South Metro FCU
- **Servicing:** South Metro FCU (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*