# PPP loan: ABLE INDUSTRIAL PRODUCTS, INC.
> **$615K** approved 04/15/2020 · Paid in Full · Loan `9641017107`
## Borrower
- **Name:** ABLE INDUSTRIAL PRODUCTS, INC.
- **Address:** 2006 SO BAKER AVENUE, ONTARIO, CA, 91761-7709
- **NAICS:** 326299
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $615K
- **Initial approval:** $615K
- **Forgiven:** $620K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $615K
- **Jobs reported:** 56
## Lender
- **Originating:** BMO Bank National Association
- **Servicing:** BMO Bank National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*