Innovative Power Systems Inc.

$429,805 PPP Loan in Roseville, Minnesota

Loan Details

Loan Number
8606458302
Date Approved
Jan 29, 2021
Loan Status
Paid in Full
Initial Approval
$429,805
Current Approval
$429,805
Forgiveness Amount
$4,767
Forgiveness Date
Jul 21, 2022
Term
60 months
Draw
Second Draw

Business Information

Business Name
Innovative Power Systems Inc.
Address
2670 Patton Rd. 2670 Patton Rd.
ZIP Code
55113
Business Type
Corporation
Industry (NAICS)
Retail Trade (444190)
Business Age
Existing or more than 2 years old
Jobs Reported
40
Estimated Revenue
$8.3M
Rural/Urban
Urban
Congressional District
MN-04

Loan Use Breakdown

Payroll
$429,805

Lender Information

Servicing Lender
Atlantic Union Bank
Originating Lender
Atlantic Union Bank

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