# PPP loan: IPC TECHNOLOGIES INC
> **$395K** approved 04/07/2020 · Paid in Full · Loan `7060067005`
## Borrower
- **Name:** IPC TECHNOLOGIES INC
- **Address:** 7200 Glen Forest Drive, RICHMOND, VA, 23226-3756
- **NAICS:** 541519
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $395K
- **Initial approval:** $395K
- **Forgiven:** $400K (101%)
- **Forgiveness date:** 07/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $395K
- **Jobs reported:** 24
## Lender
- **Originating:** Atlantic Union Bank
- **Servicing:** Atlantic Union Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*