# PPP loan: INTER-COMMERCIAL BUSINESS SYSTEMS INC
> **$628K** approved 02/12/2021 · Paid in Full · Loan `7451548403`
## Borrower
- **Name:** INTER-COMMERCIAL BUSINESS SYSTEMS INC
- **Address:** 601 Century Pkwy, Allen, TX, 75013-8038
- **NAICS:** 517919
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $628K
- **Initial approval:** $628K
- **Forgiven:** $630K (100%)
- **Forgiveness date:** 08/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $627K
- **Utilities:** $1
- **Jobs reported:** 68
## Lender
- **Originating:** American State Bank
- **Servicing:** American State Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*