# PPP loan: INDUSTRIAL PIPING SERVICES, INC
> **$694K** approved 04/07/2020 · Paid in Full · Loan `6728657001`
## Borrower
- **Name:** INDUSTRIAL PIPING SERVICES, INC
- **Address:** 805 E CONGRESS ST, NORA SPRINGS, IA, 50458-8924
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $694K
- **Initial approval:** $694K
- **Forgiven:** $699K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $555K
- **Rent:** $30K
- **Utilities:** $20K
- **Health care:** $79K
- **Debt interest:** $10K
- **Jobs reported:** 35
## Lender
- **Originating:** First Security Bank & Trust Company
- **Servicing:** First Security Bank & Trust Company (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*