# PPP loan: IBS ELECTRONICS INC.
> **$210K** approved 05/01/2020 · Paid in Full · Loan `7990867702`
## Borrower
- **Name:** IBS ELECTRONICS INC.
- **Address:** 3506-D WEST LAKE CENTER DRIVE, SANTA ANA, CA, 92704
- **NAICS:** 423690
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $210K
- **Initial approval:** $210K
- **Forgiven:** $211K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $210K
- **Jobs reported:** 18
## Lender
- **Originating:** Zions Bank, A Division of
- **Servicing:** Zions Bank, A Division of (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*