# PPP loan: IPS GROUP, INC
> **$2.55M** approved 04/07/2020 · Paid in Full · Loan `7628377008`
## Borrower
- **Name:** IPS GROUP, INC
- **Address:** 7737 Kenamar Court, San Diego, CA, 92121-2425
- **NAICS:** 517919
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.55M
- **Initial approval:** $2.55M
- **Forgiven:** $2.58M (101%)
- **Forgiveness date:** 06/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.55M
- **Jobs reported:** 205
## Lender
- **Originating:** Banc of California
- **Servicing:** Banc of California (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*