# PPP loan: INDUSTRIAL STAMPING & MFG
> **$445K** approved 05/01/2020 · Paid in Full · Loan `1040877704`
## Borrower
- **Name:** INDUSTRIAL STAMPING & MFG
- **Address:** 16590 E 13 MILE RD, ROSEVILLE, MI, 48066
- **NAICS:** 332119
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $445K
- **Initial approval:** $445K
- **Forgiven:** $451K (101%)
- **Forgiveness date:** 07/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $379K
- **Rent:** $15K
- **Utilities:** $27K
- **Health care:** $25K
- **Jobs reported:** 370
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*