# PPP loan: IPS SERVICES INC
> **$1.20M** approved 04/30/2020 · Paid in Full · Loan `5763807304`
## Borrower
- **Name:** IPS SERVICES INC
- **Address:** 627 E. FOOTHILL BOULEVARD, SAN DIMAS, CA, 91773
- **NAICS:** 621420
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.20M
- **Initial approval:** $1.20M
- **Forgiven:** $1.21M (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.20M
- **Jobs reported:** 268
## Lender
- **Originating:** BMO Bank National Association
- **Servicing:** BMO Bank National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*