# PPP loan: INERTIA MACHINE CORPORATION
> **$179K** approved 04/06/2020 · Paid in Full · Loan `5807047010`
## Borrower
- **Name:** INERTIA MACHINE CORPORATION
- **Address:** 730 s HANCOCK AVE, FREEPORT, IL, 61032-5317
- **NAICS:** 333120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $179K
- **Initial approval:** $179K
- **Forgiven:** $180K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $134K
- **Rent:** $22K
- **Utilities:** $22K
- **Jobs reported:** 19
## Lender
- **Originating:** State Bank
- **Servicing:** State Bank (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*