# PPP loan: INDUSTRIAL MOLDS, INC.
> **$576K** approved 04/06/2020 · Paid in Full · Loan `6040337001`
## Borrower
- **Name:** INDUSTRIAL MOLDS, INC.
- **Address:** 5175 27th Avenue, ROCKFORD, IL, 61109-1712
- **NAICS:** 333511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $576K
- **Initial approval:** $576K
- **Forgiven:** $579K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $432K
- **Utilities:** $144K
- **Jobs reported:** 40
## Lender
- **Originating:** Northwest Bank of Rockford
- **Servicing:** Northwest Bank of Rockford (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*