# PPP loan: INDUSTRIAL PLATING & MACHINE INC
> **$518K** approved 04/08/2020 · Paid in Full · Loan `8636247009`
## Borrower
- **Name:** INDUSTRIAL PLATING & MACHINE INC
- **Address:** PO BOX 569, BLUEFIELD, WV, 24701-0569
- **NAICS:** 332812
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $518K
- **Initial approval:** $378K
- **Forgiven:** $524K (101%)
- **Forgiveness date:** 07/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $518K
- **Jobs reported:** 42
## Lender
- **Originating:** New Peoples Bank, Inc.
- **Servicing:** New Peoples Bank, Inc. (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*