# PPP loan: INDUSTRIAL PIPING SPECIALISTS INC.
> **$7.89M** approved 04/04/2020 · Paid in Full · Loan `4842887005`
## Borrower
- **Name:** INDUSTRIAL PIPING SPECIALISTS INC.
- **Address:** 606 N. 145th East Avenue, TULSA, OK, 74116-2111
- **NAICS:** 237120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $7.89M
- **Initial approval:** $7.89M
- **Forgiven:** $7.65M (97%)
- **Forgiveness date:** 04/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $5.54M
- **Rent:** $1.30M
- **Utilities:** $250K
- **Health care:** $800K
- **Jobs reported:** 421
## Lender
- **Originating:** Mabrey Bank
- **Servicing:** Mabrey Bank (OK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*