# PPP loan: INNOVATIVE TURNAROUND CONTROLS, LTD.
> **$2.91M** approved 04/09/2020 · Paid in Full · Loan `9830777002`
## Borrower
- **Name:** INNOVATIVE TURNAROUND CONTROLS, LTD.
- **Address:** 16610 Sea Lark Road, HOUSTON, TX, 77062-5819
- **NAICS:** 541990
- **Business type:** Limited Liability Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.91M
- **Initial approval:** $2.91M
- **Forgiven:** $2.95M (101%)
- **Forgiveness date:** 07/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.83M
- **Rent:** $27K
- **Utilities:** $2K
- **Health care:** $25K
- **Debt interest:** $28K
- **Jobs reported:** 87
## Lender
- **Originating:** Bank of Houston
- **Servicing:** Bank of Houston (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*