# PPP loan: INDUSTRIAL ELECTRIC MOTOR WORKS, INC
> **$809K** approved 04/10/2020 · Paid in Full · Loan `2145747102`
## Borrower
- **Name:** INDUSTRIAL ELECTRIC MOTOR WORKS, INC
- **Address:** 1551 Redman Road, MERIDIAN, MS, 39305-8428
- **NAICS:** 423610
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $809K
- **Initial approval:** $809K
- **Forgiven:** $813K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $809K
- **Jobs reported:** 53
## Lender
- **Originating:** Trustmark National Bank
- **Servicing:** Trustmark National Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*