Invoca’s Statement on the Paycheck Protection Program Loan Payback

Today the Small Business Association included Invoca among a published list of companies that received Paycheck Protection Program loans.

Invoca applied for a Paycheck Protection Plan loan (PPP) to protect the jobs of our employees in light of economic uncertainty due to the COVID-19 pandemic.  We received the loan in late April, but after the Small Business Administration and Treasury Department provided more guidance about use of funds, we returned 100 percent of the PPP funds before the May 7, 2020 safe-harbor deadline.