# PPP loan: IPS CRANES, INC.
> **$657K** approved 04/09/2020 · Paid in Full · Loan `9414517006`
## Borrower
- **Name:** IPS CRANES, INC.
- **Address:** 3540 Hoffman Rd E, SAINT PAUL, MN, 55110-5222
- **NAICS:** 339999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $657K
- **Initial approval:** $657K
- **Forgiven:** $665K (101%)
- **Forgiveness date:** 07/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $493K
- **Rent:** $41K
- **Mortgage interest:** $41K
- **Utilities:** $41K
- **Health care:** $41K
- **Jobs reported:** 52
## Lender
- **Originating:** MidWestOne Bank
- **Servicing:** MidWestOne Bank (IA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*