# PPP loan: IONIC TRANSPORTATION
> **$2.06M** approved 04/04/2020 · Paid in Full · Loan `4728057010`
## Borrower
- **Name:** IONIC TRANSPORTATION
- **Address:** 5220 Midland Road, BILLINGS, MT, 59101-6324
- **NAICS:** 484121
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.06M
- **Initial approval:** $2.06M
- **Forgiven:** $1.68M (82%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.94M
- **Utilities:** $123K
- **Jobs reported:** 137
## Lender
- **Originating:** Stockman Bank of Montana
- **Servicing:** Stockman Bank of Montana (MT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*