# PPP loan: INDUSTRIAL PACKAGING CORPORATION
> **$812K** approved 04/03/2020 · Paid in Full · Loan `4387617002`
## Borrower
- **Name:** INDUSTRIAL PACKAGING CORPORATION
- **Address:** 1515 West Mohawk Drive, TOMAHAWK, WI, 54487-2214
- **NAICS:** 339999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $812K
- **Initial approval:** $812K
- **Forgiven:** $817K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $609K
- **Rent:** $158K
- **Utilities:** $45K
- **Jobs reported:** 90
## Lender
- **Originating:** State Bank Financial
- **Servicing:** State Bank Financial (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*