# PPP loan: IVORY SYSTEMS
> **$300K** approved 05/01/2020 · Paid in Full · Loan `4238037709`
## Borrower
- **Name:** IVORY SYSTEMS
- **Address:** 1 GATEHALL DR, PARSIPPANY, NJ, 07054
- **NAICS:** 541512
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $300K
- **Initial approval:** $300K
- **Forgiven:** $303K (101%)
- **Forgiveness date:** 06/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $300K
- **Jobs reported:** 42
## Lender
- **Originating:** Wells Fargo Bank, National Association
- **Servicing:** Wells Fargo Bank, National Association (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*