# PPP loan: INDUSTRIAL MACHINE AND GEAR INC.
> **$165K** approved 04/15/2020 · Paid in Full · Loan `1005057209`
## Borrower
- **Name:** INDUSTRIAL MACHINE AND GEAR INC.
- **Address:** 445 SE Gear Drive, Lee's Summit, MO, 64015
- **NAICS:** 811310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $165K
- **Initial approval:** $165K
- **Forgiven:** $166K (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $165K
- **Jobs reported:** 10
## Lender
- **Originating:** Bank of Odessa
- **Servicing:** Bank of Odessa (MO)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*