# PPP loan: ION STORAGE SYSTEMS INC
> **$214K** approved 03/10/2021 · Paid in Full · Loan `8485618501`
## Borrower
- **Name:** ION STORAGE SYSTEMS INC
- **Address:** 5000 College Ave Ste 3122 5000 College Ave Ste 3122, College Park, MD, 20740-3809
- **NAICS:** 541715
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $214K
- **Initial approval:** $214K
- **Forgiven:** $215K (101%)
- **Forgiveness date:** 01/21/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $213K
- **Utilities:** $1
- **Jobs reported:** 15
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*