# PPP loan: INSTRUMENTAL MACHINE & DEVELOPMENT INC
> **$1.14M** approved 04/11/2020 · Paid in Full · Loan `3093107100`
## Borrower
- **Name:** INSTRUMENTAL MACHINE & DEVELOPMENT INC
- **Address:** 2098 N PUnd Dr W, WARSAW, IN, 46582
- **NAICS:** 333511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.14M
- **Initial approval:** $114K
- **Forgiven:** $1.15M (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.14M
- **Jobs reported:** 100
## Lender
- **Originating:** 1st Source Bank
- **Servicing:** 1st Source Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*