PPP Loan information for Innovative power systems inc.

$429,805

Innovative power systems inc. was initially approved for PPP Loan of amount $429,805, the current approved amount is $429,805. The loan was approved on 01/29/2021 by The Atlantic Union Bank reported 40 jobs and $429,805 was used to fund payroll.

Innovative power systems inc. is Existing or more than 2 years old

PPP Loan Search / MN / Roseville / Innovative power systems inc.

INNOVATIVE POWER SYSTEMS INC.

Date Approved

01/29/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

INNOVATIVE POWER SYSTEMS INC.

Borrower Address

2670 Patton Rd. 2670 Patton Rd.

Borrower City

Roseville

Borrower State

MN

Borrower Zip

55113

Loan Status Date

Loan Status

Exemption 4

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

429805.00

Current Approval Amount

429805.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

122517

Servicing Lender Name

Atlantic Union Bank

Servicing Lender Address

1051 E Cary St, Ste 103

Servicing Lender City

RICHMOND

Servicing Lender State

VA

Servicing Lender Zip

23219-4029

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Roseville

Project County Name

RAMSEY

Project State

MN

Project Zip

55113

CD

MN-04

Jobs Reported

40

NAICS Code

444190

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

429805.00

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

Corporation

Originating Lender Location Id

122517

Originating Lender

Atlantic Union Bank

Originating Lender City

RICHMOND

Originating Lender State

VA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

4766.75

Forgiveness Date

07/21/2022

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