PPP Loan information for Innovative element llc

$265,607

Innovative element llc was initially approved for PPP Loan of amount $265,607, the current approved amount is $265,607. The loan was approved on 04/30/2020 by The Bank of America, National Association reported 12 jobs and $265,607 was used to fund payroll.

Innovative element llc is Existing or more than 2 years old

PPP Loan Search / MD / OXON HILL / Innovative element llc

INNOVATIVE ELEMENT LLC

Date Approved

04/30/2020

SBA Office Code

0353

Processing Method

PPP

Borrower Name

INNOVATIVE ELEMENT LLC

Borrower Address

155 POTOMAC PSGE UNIT 201

Borrower City

OXON HILL

Borrower State

MD

Borrower Zip

20745-1550

Loan Status Date

07/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

265607.00

Current Approval Amount

265607.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

OXON HILL

Project County Name

PRINCE GEORGES

Project State

MD

Project Zip

20745-1550

CD

MD-04

Jobs Reported

12

NAICS Code

541690

Race

Black or African American

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

265607.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

267673.64

Forgiveness Date

02/16/2021

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