# PPP loan: INERTIA MACHINE CORPORATION
> **$179K** approved 01/16/2021 · Paid in Full · Loan `1203038309`
## Borrower
- **Name:** INERTIA MACHINE CORPORATION
- **Address:** 730 S Hancock Ave, Freeport, IL, 61032-5362
- **NAICS:** 423830
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $179K
- **Initial approval:** $179K
- **Forgiven:** $179K (100%)
- **Forgiveness date:** 07/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $179K
- **Jobs reported:** 19
## Lender
- **Originating:** State Bank
- **Servicing:** State Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*