# PPP loan: IVY MORTGAGE, INC
> **$243K** approved 04/30/2020 · Exemption 4 · Loan `5201477310`
## Borrower
- **Name:** IVY MORTGAGE, INC
- **Address:** 656 Quince Orchard Rd Suite 630, GAITHERSBURG, MD, 20878-1467
- **NAICS:** 522310
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $243K
- **Initial approval:** $243K
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $243K
- **Jobs reported:** 24
## 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*