INNOVATE NEWPORT INC. (RI) - 2020 PPP Loan Borrower Profile (# 9157478600)
Updated on April 18, 2025.
See below the business details and the detail of the 2020 PPP loan given to INNOVATE NEWPORT 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 Rhode Island.
Loan Detail
Loan Number
9157478600
SBA Office Code
0165
Processing Method
PPP
Curent Loan Amount
$12,332.5
Date Loan was Approved
Mar 25, 2021
Amount Forgiven
$12,362.91
Date Loan was Forgiven
Jun 25, 2021
Loan Status
Paid in Full
Loan Term
60 Months
Utilities Proced
1
Payroll Proced
12,331.5
Lender
BankNewport
Business Detail
Business Type
Non-Profit Organization
NAICS
531390
Borrower Location
Newport, RI
Project Location
Newport, RI
Rural/Urban
Urban
Hubzone
No
Labor Market Information (LMI)
No
Jobs Reported
2
Business Age Description
Existing or more than 2 years old
Data Source: SBA.