# PPP loan: INDUSTRIAL AUTOMATION PRODUCTS, INC.
> **$250K** approved 04/28/2020 · Paid in Full · Loan `8092947204`
## Borrower
- **Name:** INDUSTRIAL AUTOMATION PRODUCTS, INC.
- **Address:** 10045 DAVENPORT ST NE, Blaine, MN, 55449-4424
- **NAICS:** 333999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $251K (100%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $250K
- **Jobs reported:** 22
## Lender
- **Originating:** 21st Century Bank
- **Servicing:** 21st Century Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*