# PPP loan: INDUSTRIAL BATTERY PRODUCTS INC.
> **$1.51M** approved 04/08/2020 · Exemption 4 · Loan `8126037005`
## Borrower
- **Name:** INDUSTRIAL BATTERY PRODUCTS INC.
- **Address:** 1250 Ambassador Blvd, SAINT LOUIS, MO, 63132-1706
- **NAICS:** 335912
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.51M
- **Initial approval:** $1.51M
- **Forgiven:** $1.32M (87%)
- **Forgiveness date:** 11/10/2020
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.13M
- **Rent:** $378K
- **Jobs reported:** 90
## Lender
- **Originating:** Carrollton Bank
- **Servicing:** Carrollton Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*