# PPP loan: IN-LINE PACKAGING SYSTEMS INC
> **$326K** approved 04/13/2020 · Paid in Full · Loan `5540177101`
## Borrower
- **Name:** IN-LINE PACKAGING SYSTEMS INC
- **Address:** 7282 NORTH SPA RD, NORTH CHARLESTON, SC, 29418-8437
- **NAICS:** 561910
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $326K
- **Initial approval:** $326K
- **Forgiven:** $328K (101%)
- **Forgiveness date:** 01/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $260K
- **Rent:** $49K
- **Utilities:** $16K
- **Jobs reported:** 31
## Lender
- **Originating:** Coastal States Bank
- **Servicing:** Coastal States Bank (SC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*