Innovative Management Associates INC

$281,900 PPP Loan in Morton Grove, Illinois

Loan Details

Loan Number
5392027208
Date Approved
Apr 27, 2020
Loan Status
Paid in Full
Initial Approval
$281,900
Current Approval
$281,900
Forgiveness Amount
$285,071
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Innovative Management Associates INC
Address
8140 River Dr
ZIP Code
60053-2637
Business Type
Subchapter S Corporation
Industry (NAICS)
Health Care and Social Assistance (621999)
Business Age
Existing or more than 2 years old
Jobs Reported
19
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
IL-09

Loan Use Breakdown

Payroll
$211,425
Utilities
$28,190
Mortgage Interest
$42,285

Lender Information

Servicing Lender
Village Bank and Trust, National Association
Originating Lender
Village Bank and Trust, National Association

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