# PPP loan: ISLAND PACIFIC SYSTEMS, INC.
> **$497K** approved 05/26/2020 · Paid in Full · Loan `3385437804`
## Borrower
- **Name:** ISLAND PACIFIC SYSTEMS, INC.
- **Address:** 1940 East Deere Avenue, Santa Ana, CA, 92705-5718
- **NAICS:** 611430
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $497K
- **Initial approval:** $497K
- **Forgiven:** $500K (101%)
- **Forgiveness date:** 01/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $497K
- **Jobs reported:** 26
## Lender
- **Originating:** Mortgage Capital Development Corporation
- **Servicing:** Mortgage Capital Development Corporation (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*