INNOVATIVE ADDITIVES INC (DE) - 2020 PPP Loan Borrower Profile (# 1186807305)
Updated on April 18, 2025.
See below the business details and the detail of the 2020 PPP loan given to INNOVATIVE ADDITIVES INC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.
You can see similar information for other borrowers in Delaware.
Loan Detail
Loan Number
1186807305
SBA Office Code
0341
Processing Method
PPP
Curent Loan Amount
$89,505
Date Loan was Approved
Apr 28, 2020
Amount Forgiven
$90,091.76
Date Loan was Forgiven
Dec 22, 2020
Loan Status
Paid in Full
Loan Term
24 Months
Payroll Proced
67,128.75
Rent Proceed
22,376.25
Lender
Fulton Bank, National Association
Business Detail
Business Type
Corporation
NAICS
424910
Borrower Location
REHOBOTH BEACH, DE
Project Location
REHOBOTH BEACH, DE
Rural/Urban
Rural
Hubzone
No
Labor Market Information (LMI)
No
Jobs Reported
6
Business Age Description
Existing or more than 2 years old
Data Source: SBA.
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