# PPP loan: I.B.A.M. INC.
> **$524K** approved 01/22/2021 · Paid in Full · Loan `3525888308`
## Borrower
- **Name:** I.B.A.M. INC.
- **Address:** 1293 E 1st Ave, Chico, CA, 95926-1548
- **NAICS:** 713940
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $524K
- **Initial approval:** $524K
- **Forgiven:** $530K (101%)
- **Forgiveness date:** 01/28/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $524K
- **Utilities:** $1
- **Jobs reported:** 264
## Lender
- **Originating:** Golden Valley Bank
- **Servicing:** Golden Valley Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*