# PPP loan: IDEAL INDUSTRIES INC
> **$707K** approved 01/20/2021 · Paid in Full · Loan `2347018307`
## Borrower
- **Name:** IDEAL INDUSTRIES INC
- **Address:** 1705 W E St, Vinton, IA, 52349-2516
- **NAICS:** 333111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $707K
- **Initial approval:** $707K
- **Forgiven:** $712K (101%)
- **Forgiveness date:** 09/21/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $707K
- **Utilities:** $1
- **Jobs reported:** 85
## Lender
- **Originating:** GNB Bank
- **Servicing:** GNB Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*