# PPP loan: INDUSTRIAL BOILER & MECHANICAL COMPANY INC
> **$1.99M** approved 04/15/2020 · Paid in Full · Loan `2252927201`
## Borrower
- **Name:** INDUSTRIAL BOILER & MECHANICAL COMPANY INC
- **Address:** 3325 HAWTHORNE ST, CHATTANOOGA, TN, 37406-4022
- **NAICS:** 811310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.99M
- **Initial approval:** $1.99M
- **Forgiven:** $2.01M (101%)
- **Forgiveness date:** 08/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.99M
- **Jobs reported:** 85
## Lender
- **Originating:** Regions Bank
- **Servicing:** Regions Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*