# PPP loan: IVEX PROTECTIVE PACKAGING INC.
> **$694K** approved 04/30/2020 · Paid in Full · Loan `7281227303`
## Borrower
- **Name:** IVEX PROTECTIVE PACKAGING INC.
- **Address:** 456 S STOLLE AVE, SIDNEY, OH, 45365-8846
- **NAICS:** 326150
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $694K
- **Initial approval:** $694K
- **Forgiven:** $700K (101%)
- **Forgiveness date:** 04/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $555K
- **Mortgage interest:** $139K
- **Jobs reported:** 59
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*