# PPP loan: XEI SCIENTIFIC INC.
> **$275K** approved 03/12/2021 · Paid in Full · Loan `9974588500`
## Borrower
- **Name:** XEI SCIENTIFIC INC.
- **Address:** 1755 E Bayshore Rd Ste 17, Redwood City, CA, 94063-4153
- **NAICS:** 334516
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $275K
- **Initial approval:** $275K
- **Forgiven:** $279K (101%)
- **Forgiveness date:** 08/10/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $275K
- **Utilities:** $1
- **Jobs reported:** 11
## Lender
- **Originating:** US Bank National Association
- **Servicing:** U.S. Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*