# PPP loan: INDUSTRIAL EQUIPMENT CO OF HOUSTON
> **$468K** approved 02/24/2021 · Paid in Full · Loan `3456318503`
## Borrower
- **Name:** INDUSTRIAL EQUIPMENT CO OF HOUSTON
- **Address:** 6039 South Loop E, Houston, TX, 77033-1041
- **NAICS:** 423830
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $468K
- **Initial approval:** $468K
- **Forgiven:** $471K (101%)
- **Forgiveness date:** 10/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $468K
- **Jobs reported:** 35
## Lender
- **Originating:** Stellar Bank
- **Servicing:** Stellar Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*