# PPP loan: INDUSTRIAL MODELS GROUP, INC.
> **$366K** approved 04/07/2020 · Paid in Full · Loan `6717517010`
## Borrower
- **Name:** INDUSTRIAL MODELS GROUP, INC.
- **Address:** 1711 Westair, GAINESVILLE, TX, 76240-1770
- **NAICS:** 336211
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $366K
- **Initial approval:** $366K
- **Forgiven:** $369K (101%)
- **Forgiveness date:** 03/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $309K
- **Rent:** $17K
- **Utilities:** $40K
- **Jobs reported:** 45
## Lender
- **Originating:** First State Bank
- **Servicing:** First State Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*