# PPP loan: INGRAM PROFESSIONAL SERVICES INC.
> **$2.00M** approved 02/12/2021 · Paid in Full · Loan `7474988409`
## Borrower
- **Name:** INGRAM PROFESSIONAL SERVICES INC.
- **Address:** 1612 W Sanger St, Hobbs, NM, 88240-4937
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.00M
- **Initial approval:** $2.00M
- **Forgiven:** $2.02M (101%)
- **Forgiveness date:** 03/25/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $2.00M
- **Utilities:** $1
- **Jobs reported:** 170
## Lender
- **Originating:** First American Bank
- **Servicing:** First American Bank (NM)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*