# PPP loan: XPER INC. F/K/A IBIS TEK INC.
> **$2.00M** approved 03/26/2021 · Paid in Full · Loan `9386298609`
## Borrower
- **Name:** XPER INC. F/K/A 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:** $2.00M
- **Initial approval:** $2.00M
- **Forgiven:** $2.02M (101%)
- **Forgiveness date:** 02/09/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $2.00M
- **Utilities:** $1
- **Jobs reported:** 294
## 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*