# PPP loan: IQ SPECTRA, INC
> **$597K** approved 04/09/2020 · Paid in Full · Loan `9561587005`
## Borrower
- **Name:** IQ SPECTRA, INC
- **Address:** 22710 HAGGERTY RD, FARMINGTON HILLS, MI, 48335-2612
- **NAICS:** 519190
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $597K
- **Initial approval:** $597K
- **Forgiven:** $601K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $597K
- **Jobs reported:** 30
## Lender
- **Originating:** Oxford Bank
- **Servicing:** Oxford Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*