# PPP loan: IPS INTERNATIONAL LLC
> **$200K** approved 06/02/2020 · Charged Off · Loan `6644397804`
## Borrower
- **Name:** IPS INTERNATIONAL LLC
- **Address:** 2615 INDUSTRIAL LN, CONROE, TX, 77301-4033
- **NAICS:** 561499
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $200K
- **Initial approval:** $200K
- **Forgiven:** $196K (98%)
- **Forgiveness date:** 01/21/2022
- **Status:** Charged Off
- **Term:** 1 months
## Use of funds
- **Payroll:** $198K
- **Rent:** $1K
- **Utilities:** $1K
- **Jobs reported:** 13
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*