# PPP loan: INDUSTRIAL METAL FABRICATION, INC.
> **$534K** approved 04/14/2020 · Paid in Full · Loan `7177347108`
## Borrower
- **Name:** INDUSTRIAL METAL FABRICATION, INC.
- **Address:** 1401 South Spencer Rd, NEWTON, KS, 67114-4126
- **NAICS:** 332313
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $534K
- **Initial approval:** $534K
- **Forgiven:** $540K (101%)
- **Forgiveness date:** 06/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $500K
- **Mortgage interest:** $17K
- **Utilities:** $17K
- **Jobs reported:** 40
## Lender
- **Originating:** The Walton State Bank
- **Servicing:** The Walton State Bank (KS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*