# PPP loan: IVYMAX INC.
> **$563K** approved 02/01/2021 · Paid in Full · Loan `1187808401`
## Borrower
- **Name:** IVYMAX INC.
- **Address:** 1601 S De Anza Blvd Ste 100, Cupertino, CA, 95014-5363
- **NAICS:** 611710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $563K
- **Initial approval:** $563K
- **Forgiven:** $568K (101%)
- **Forgiveness date:** 12/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $563K
- **Jobs reported:** 31
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*