# PPP loan: INK SYSTEMS INC.
> **$1.88M** approved 02/18/2021 · Paid in Full · Loan `1295718504`
## Borrower
- **Name:** INK SYSTEMS INC.
- **Address:** 2311 S Eastern Ave, Commerce, CA, 90040-1430
- **NAICS:** 325910
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.88M
- **Initial approval:** $1.88M
- **Forgiven:** $1.89M (101%)
- **Forgiveness date:** 12/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.88M
- **Utilities:** $1
- **Jobs reported:** 105
## Lender
- **Originating:** East West Bank
- **Servicing:** East West Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*