INNOVATIVE ELECTRICAL SOLUTIONS (ID) - 2020 PPP Loan Borrower Profile (# 7250947707)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to INNOVATIVE ELECTRICAL SOLUTIONS. 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 Idaho.

Loan Detail

Loan Number

7250947707

SBA Office Code

1094

Processing Method

PPP

Curent Loan Amount

$471,477

Date Loan was Approved

May 1, 2020

Amount Forgiven

$475,942.93

Date Loan was Forgiven

Apr 21, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

471,477

Lender

U.S. Bank, National Association

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

238210

Borrower Location

HAYDEN, ID

Project Location

HAYDEN, ID

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.