# PPP loan: INDUSTRIAL COATING INC
> **$188K** approved 04/16/2020 · Exemption 4 · Loan `2945267207`
## Borrower
- **Name:** INDUSTRIAL COATING INC
- **Address:** 6051 DIXIE HWY, BRIDGEPORT, MI, 48722-9507
- **NAICS:** 325510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $188K
- **Initial approval:** $188K
- **Forgiven:** $171K (91%)
- **Forgiveness date:** 06/22/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $188K
- **Jobs reported:** 30
## 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*