# PPP loan: HOBBS INDUSTRIAL PIPING, INC.
> **$163K** approved 04/10/2020 · Paid in Full · Loan `2539977104`
## Borrower
- **Name:** HOBBS INDUSTRIAL PIPING, INC.
- **Address:** 2516 NORDIC RD, DAYTON, OH, 45413
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $163K
- **Initial approval:** $163K
- **Forgiven:** $165K (101%)
- **Forgiveness date:** 04/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $125K
- **Rent:** $30K
- **Utilities:** $8K
- **Jobs reported:** 12
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*