# PPP loan: INDUSTRIAL MACHINING SERVICES INC.
> **$723K** approved 05/01/2020 · Paid in Full · Loan `7463607703`
## Borrower
- **Name:** INDUSTRIAL MACHINING SERVICES INC.
- **Address:** 700 TOWER DR, FORT LORAMIE, OH, 45845
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $723K
- **Initial approval:** $723K
- **Forgiven:** $727K (101%)
- **Forgiveness date:** 11/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $723K
- **Jobs reported:** 55
## Lender
- **Originating:** U.S. Bank, National Association
- **Servicing:** U.S. Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*