# PPP loan: INTERPOWER INDUCTION SERVICES, INC.
> **$190K** approved 04/09/2020 · Paid in Full · Loan `1086117106`
## Borrower
- **Name:** INTERPOWER INDUCTION SERVICES, INC.
- **Address:** 34197 DOREKA, FRASER, MI, 48026-3435
- **NAICS:** 333994
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $190K
- **Initial approval:** $190K
- **Forgiven:** $192K (101%)
- **Forgiveness date:** 03/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $190K
- **Jobs reported:** 15
## Lender
- **Originating:** ChoiceOne Bank
- **Servicing:** ChoiceOne Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*