# PPP loan: INNOVATIVE MARINE ELECTRONICS INC
> **$483K** approved 03/12/2021 · Paid in Full · Loan `9983278503`
## Borrower
- **Name:** INNOVATIVE MARINE ELECTRONICS INC
- **Address:** 3229 S Andrews Ave, Fort Lauderdale, FL, 33316-4109
- **NAICS:** 423910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $483K
- **Initial approval:** $483K
- **Forgiven:** $488K (101%)
- **Forgiveness date:** 03/31/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $483K
- **Utilities:** $1
- **Jobs reported:** 30
## Lender
- **Originating:** Centennial Bank
- **Servicing:** Centennial Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*