# PPP loan: INDUSTRIAL MACHINE AND GEAR INC
> **$165K** approved 02/20/2021 · Paid in Full · Loan `2587018502`
## Borrower
- **Name:** INDUSTRIAL MACHINE AND GEAR INC
- **Address:** 445 SE Gear Dr, Lees Summit, MO, 64082-4821
- **NAICS:** 332721
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $165K
- **Initial approval:** $165K
- **Forgiven:** $166K (100%)
- **Forgiveness date:** 08/06/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $165K
- **Utilities:** $1
- **Jobs reported:** 9
## Lender
- **Originating:** Bank of Odessa
- **Servicing:** Bank of Odessa (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*