# PPP loan: INTERCLYPSE
> **$1.24M** approved 04/15/2020 · Paid in Full · Loan `8592937110`
## Borrower
- **Name:** INTERCLYPSE
- **Address:** 10170 Junction Drive, ANNAPOLIS JUNCTION, MD, 20701
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.24M
- **Initial approval:** $1.24M
- **Forgiven:** $225K (18%)
- **Forgiveness date:** 03/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $929K
- **Utilities:** $310K
- **Jobs reported:** 56
## Lender
- **Originating:** Sandy Spring Bank
- **Servicing:** Sandy Spring Bank (MD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*