# PPP loan: IBIS TEK, INC.
> **$4.55M** approved 04/06/2020 · Paid in Full · Loan `6296357000`
## Borrower
- **Name:** IBIS TEK, INC.
- **Address:** 220 S. NOAH DR, SAXONBURG, PA, 16056-9702
- **NAICS:** 336992
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.55M
- **Initial approval:** $4.55M
- **Forgiven:** $4.61M (101%)
- **Forgiveness date:** 06/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.55M
- **Jobs reported:** 415
## Lender
- **Originating:** CIBC Bank USA
- **Servicing:** CIBC Bank USA (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*