# PPP loan: IT LABS INC
> **$162K** approved 05/05/2020 · Paid in Full · Loan `1924137406`
## Borrower
- **Name:** IT LABS INC
- **Address:** 12850 Middlebrook Road Ste 465, Germantown, MD, 20874
- **NAICS:** 812990
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $162K
- **Initial approval:** $162K
- **Forgiven:** $164K (101%)
- **Forgiveness date:** 10/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $162K
- **Jobs reported:** 13
## Lender
- **Originating:** Cross River Bank
- **Servicing:** Cross River Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*