# PPP loan: INDUSTRIAL ELECTRIC MOTOR SERVICE, INC.
> **$572K** approved 05/04/2020 · Paid in Full · Loan `1536877403`
## Borrower
- **Name:** INDUSTRIAL ELECTRIC MOTOR SERVICE, INC.
- **Address:** 8920 BUZBEE DR, BATON ROUGE, LA, 70809
- **NAICS:** 811310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $572K
- **Initial approval:** $572K
- **Forgiven:** $583K (102%)
- **Forgiveness date:** 05/19/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $572K
- **Jobs reported:** 53
## Lender
- **Originating:** Hancock Whitney Bank
- **Servicing:** Hancock Whitney Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*