# PPP loan: X-WAVE INNOVATIONS, INC.
> **$247K** approved 04/28/2020 · Paid in Full · Loan `9444797206`
## Borrower
- **Name:** X-WAVE INNOVATIONS, INC.
- **Address:** 555 Quince Orchard Rd, Suite 510, Gaithersburg, MD, 20878-1464
- **NAICS:** 541715
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $247K
- **Initial approval:** $247K
- **Forgiven:** $250K (101%)
- **Forgiveness date:** 08/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $247K
- **Jobs reported:** 16
## Lender
- **Originating:** TransPecos Banks, SSB.
- **Servicing:** TransPecos Banks, SSB. (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*