# PPP loan: INDUSTRIAL POWER AND RUBBER, INC.
> **$172K** approved 04/07/2020 · Paid in Full · Loan `6557087001`
## Borrower
- **Name:** INDUSTRIAL POWER AND RUBBER, INC.
- **Address:** 7310 HIGHWAY 87 N, ORANGE, TX, 77632-9203
- **NAICS:** 326299
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $172K
- **Initial approval:** $172K
- **Forgiven:** $173K (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $129K
- **Utilities:** $43K
- **Jobs reported:** 10
## Lender
- **Originating:** First Financial Bank
- **Servicing:** First Financial Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*