# PPP loan: IBC AIRWAYS, INC.
> **$1.45M** approved 04/07/2020 · Paid in Full · Loan `7225967003`
## Borrower
- **Name:** IBC AIRWAYS, INC.
- **Address:** 500 sw 34th street, ft lauderdale, FORT LAUDERDALE, FL, 33315
- **NAICS:** 481212
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.45M
- **Initial approval:** $1.45M
- **Forgiven:** $1.47M (101%)
- **Forgiveness date:** 04/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.09M
- **Utilities:** $364K
- **Jobs reported:** 114
## Lender
- **Originating:** City National Bank of Florida
- **Servicing:** City National Bank of Florida (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*