# PPP loan: INSULATION MATERIALS CORPORATION
> **$445K** approved 04/30/2020 · Paid in Full · Loan `5291067308`
## Borrower
- **Name:** INSULATION MATERIALS CORPORATION
- **Address:** 700 Metuchen Rd, South Plainfield, NJ, 07080
- **NAICS:** 423330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $445K
- **Initial approval:** $541K
- **Forgiven:** $448K (101%)
- **Forgiveness date:** 01/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $445K
- **Jobs reported:** 37
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*