# PPP loan: ICAT LOGISTICS, INC.
> **$641K** approved 04/05/2020 · Paid in Full · Loan `5229987007`
## Borrower
- **Name:** ICAT LOGISTICS, INC.
- **Address:** 6805 DOUGLAS LEGUM DR, ELKRIDGE, MD, 21075-6259
- **NAICS:** 488510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $641K
- **Initial approval:** $641K
- **Forgiven:** $646K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $641K
- **Jobs reported:** 39
## Lender
- **Originating:** Capital Bank, National Association
- **Servicing:** Capital Bank, National Association (MD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*