# PPP loan: INDUSTRIAL MACHINE PRODUCTS INC.
> **$463K** approved 01/29/2021 · Paid in Full · Loan `8516008303`
## Borrower
- **Name:** INDUSTRIAL MACHINE PRODUCTS INC.
- **Address:** 32 Louck St, Oxford, MI, 48371-4637
- **NAICS:** 336370
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $463K
- **Initial approval:** $463K
- **Forgiven:** $466K (100%)
- **Forgiveness date:** 08/10/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $463K
- **Jobs reported:** 54
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*