# PPP loan: INDUSTRIAL MODERN PATTERN & MOLD CORP
> **$250K** approved 04/07/2020 · Paid in Full · Loan `7393837009`
## Borrower
- **Name:** INDUSTRIAL MODERN PATTERN & MOLD CORP
- **Address:** 970 NICHOLAS BLVD, ELK GROVE VILLAGE, IL, 60007-2513
- **NAICS:** 326150
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $253K (101%)
- **Forgiveness date:** 08/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $188K
- **Mortgage interest:** $38K
- **Utilities:** $25K
- **Jobs reported:** 15
## Lender
- **Originating:** Village Bank and Trust, National Association
- **Servicing:** Village Bank and Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*