# PPP loan: INDUSTRIAL FABRICS, INC.
> **$1.27M** approved 04/08/2020 · Paid in Full · Loan `8423147010`
## Borrower
- **Name:** INDUSTRIAL FABRICS, INC.
- **Address:** 510 O'Neal Lane Extension 0.0, Baton Rouge, LA, 70819-3600
- **NAICS:** 326199
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.27M
- **Initial approval:** $1.27M
- **Forgiven:** $1.29M (101%)
- **Forgiveness date:** 09/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.02M
- **Rent:** $60K
- **Mortgage interest:** $33K
- **Utilities:** $40K
- **Health care:** $100K
- **Debt interest:** $20K
- **Jobs reported:** 167
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*