# PPP loan: INDUSTRIAL PLATING & MACHINE INC.
> **$405K** approved 01/27/2021 · Paid in Full · Loan `6834148306`
## Borrower
- **Name:** INDUSTRIAL PLATING & MACHINE INC.
- **Address:** 1712 COAL HERITAGE ROAD, BLUEFIELD, WV, 24701
- **NAICS:** 333612
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $405K
- **Initial approval:** $405K
- **Forgiven:** $407K (101%)
- **Forgiveness date:** 08/13/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $405K
- **Utilities:** $1
- **Jobs reported:** 42
## Lender
- **Originating:** New Peoples Bank, Inc.
- **Servicing:** New Peoples Bank, Inc. (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*