# PPP loan: INDUSTRIAL LUBRICANT COMPANY
> **$938K** approved 04/06/2020 · Paid in Full · Loan `6187527004`
## Borrower
- **Name:** INDUSTRIAL LUBRICANT COMPANY
- **Address:** PO Box 70, GRAND RAPIDS, MN, 55744
- **NAICS:** 423840
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $938K
- **Initial approval:** $938K
- **Forgiven:** $945K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $938K
- **Jobs reported:** 62
## Lender
- **Originating:** Bremer Bank, National Association
- **Servicing:** Bremer Bank, National Association (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*