# PPP loan: XAERUS PERFORMANCE FLUIDS INTERNATIONAL, INC.
> **$453K** approved 04/04/2020 · Paid in Full · Loan `4795397007`
## Borrower
- **Name:** XAERUS PERFORMANCE FLUIDS INTERNATIONAL, INC.
- **Address:** 2825 SCHUETTE RD, MIDLAND, MI, 48642-6945
- **NAICS:** 325991
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $453K
- **Initial approval:** $453K
- **Forgiven:** $457K (101%)
- **Forgiveness date:** 03/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $362K
- **Rent:** $60K
- **Utilities:** $18K
- **Debt interest:** $13K
- **Jobs reported:** 29
## Lender
- **Originating:** 1st State Bank
- **Servicing:** 1st State Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*