# PPP loan: IPSEN, INC.
> **$3.45M** approved 04/10/2020 · Paid in Full · Loan `2386487108`
## Borrower
- **Name:** IPSEN, INC.
- **Address:** 984 IPSEN RD, CHERRY VALLEY, IL, 61016-3800
- **NAICS:** 333994
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.45M
- **Initial approval:** $3.45M
- **Forgiven:** $3.49M (101%)
- **Forgiveness date:** 07/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.45M
- **Jobs reported:** 255
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*