# PPP loan: INDUSTRIAL APPLICATIONS, INC.
> **$530K** approved 04/05/2020 · Paid in Full · Loan `5480977004`
## Borrower
- **Name:** INDUSTRIAL APPLICATIONS, INC.
- **Address:** 5665 E. RAINES RD, MEMPHIS, TN, 38115-6806
- **NAICS:** 811310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $530K
- **Initial approval:** $530K
- **Forgiven:** $534K (101%)
- **Forgiveness date:** 01/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $530K
- **Jobs reported:** 48
## Lender
- **Originating:** Renasant Bank
- **Servicing:** Renasant Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*