# PPP loan: INDUSTRIAL CHEMICALS, INC.
> **$1.27M** approved 04/09/2020 · Paid in Full · Loan `9562047009`
## Borrower
- **Name:** INDUSTRIAL CHEMICALS, INC.
- **Address:** 2042 Montreat Drive 0.0, Vestavia, AL, 35216-4040
- **NAICS:** 424690
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.27M
- **Initial approval:** $1.27M
- **Forgiven:** $1.28M (101%)
- **Forgiveness date:** 08/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.01M
- **Rent:** $5K
- **Utilities:** $39K
- **Health care:** $69K
- **Debt interest:** $140K
- **Jobs reported:** 115
## 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*