# PPP loan: IPS EQUIPMENT, INC
> **$172K** approved 04/09/2020 · Paid in Full · Loan `9846547008`
## Borrower
- **Name:** IPS EQUIPMENT, INC
- **Address:** 303 W. Maple St, BYRON, MI, 48418-7703
- **NAICS:** 811310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $172K
- **Initial approval:** $172K
- **Forgiven:** $173K (101%)
- **Forgiveness date:** 11/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $172K
- **Jobs reported:** 14
## Lender
- **Originating:** The Huntington National Bank
- **Servicing:** The Huntington National Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*