# PPP loan: IRON OUT, INC.
> **$735K** approved 04/05/2020 · Paid in Full · Loan `5271527002`
## Borrower
- **Name:** IRON OUT, INC.
- **Address:** 6714 POINTE INVERNESS WAY STE 200, FORT WAYNE, IN, 46804-7932
- **NAICS:** 325998
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $735K
- **Initial approval:** $735K
- **Forgiven:** $742K (101%)
- **Forgiveness date:** 03/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $557K
- **Rent:** $78K
- **Health care:** $100K
- **Jobs reported:** 42
## Lender
- **Originating:** Lake City Bank
- **Servicing:** Lake City Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*