BUSINESS INNOVATION FACTORY (RI) - 2020 PPP Loan Borrower Profile (# 8389328301)
Updated on April 18, 2025.
See below the business details and the detail of the 2020 PPP loan given to BUSINESS INNOVATION FACTORY. The PPP program 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
8389328301
SBA Office Code
0165
Processing Method
PPS
Curent Loan Amount
$197,300
Date Loan was Approved
Jan 29, 2021
Amount Forgiven
$198,932.45
Date Loan was Forgiven
Dec 2, 2021
Loan Status
Paid in Full
Loan Term
60 Months
Utilities Proced
1
Payroll Proced
197,295
Lender
Citizens Bank, National Association
Business Detail
Business Type
Non-Profit Organization
NAICS
561499
Borrower Location
Providence, RI
Project Location
Providence, RI
Rural/Urban
Urban
Hubzone
Yes
Labor Market Information (LMI)
Yes
Jobs Reported
7
Business Age Description
Existing or more than 2 years old
Data Source: SBA.