# PPP loan: IBS GOVERNMENT SERVICES, INC.
> **$175K** approved 04/15/2020 · Paid in Full · Loan `1244057206`
## Borrower
- **Name:** IBS GOVERNMENT SERVICES, INC.
- **Address:** 11611 Greenlane Dr, POTOMAC, MD, 20854
- **NAICS:** 541219
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $175K
- **Initial approval:** $175K
- **Forgiven:** $177K (101%)
- **Forgiveness date:** 07/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $175K
- **Jobs reported:** 6
## Lender
- **Originating:** MVB Bank, Inc.
- **Servicing:** MVB Bank, Inc. (WV)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*