# PPP loan: ILPEA INDUSTRIES, INC.
> **$8.32M** approved 04/29/2020 · Paid in Full · Loan `2940537304`
## Borrower
- **Name:** ILPEA INDUSTRIES, INC.
- **Address:** 745 SOUTH GARDNER ST, SCOTTSBURG, IN, 47170-2178
- **NAICS:** 339991
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $8.32M
- **Initial approval:** $8.32M
- **Forgiven:** $8.41M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $8.32M
- **Jobs reported:** 500
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*