# PPP loan: IBC SPECIALTIES INC
> **$161K** approved 03/20/2021 · Paid in Full · Loan `5190788603`
## Borrower
- **Name:** IBC SPECIALTIES INC
- **Address:** 101 Boxwood Ln, Gastonia, NC, 28054-2464
- **NAICS:** 562998
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $161K
- **Initial approval:** $161K
- **Forgiven:** $163K (101%)
- **Forgiveness date:** 08/09/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $161K
- **Utilities:** $1
- **Jobs reported:** 21
## 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*