# PPP loan: IAM SALES INC
> **$349K** approved 04/13/2020 · Charged Off · Loan `4510907100`
## Borrower
- **Name:** IAM SALES INC
- **Address:** 7598 SAND LAKE RD, ORLANDO, FL, 32819-5188
- **NAICS:** 541890
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $349K
- **Initial approval:** $349K
- **Forgiven:** $70K (20%)
- **Forgiveness date:** 07/17/2023
- **Status:** Charged Off
- **Term:** 10 months
## Use of funds
- **Payroll:** $349K
- **Jobs reported:** 5
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*