# PPP loan: INDUSTRIAL POWER LLC
> **$1.50M** approved 04/05/2020 · Paid in Full · Loan `5397117003`
## Borrower
- **Name:** INDUSTRIAL POWER LLC
- **Address:** 712 N Beach Rd, FORT WORTH, TX, 76111-5943
- **NAICS:** 423110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.50M
- **Initial approval:** $1.50M
- **Forgiven:** $1.52M (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.50M
- **Jobs reported:** 97
## Lender
- **Originating:** Frost Bank
- **Servicing:** Frost Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*