# PPP loan: IDEAL INDUSTRIES, INC.
> **$196K** approved 04/09/2020 · Paid in Full · Loan `9794497003`
## Borrower
- **Name:** IDEAL INDUSTRIES, INC.
- **Address:** 7650 303RD AVE, PRINCETON, MN, 55371-4600
- **NAICS:** 333517
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $196K
- **Initial approval:** $196K
- **Forgiven:** $198K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $196K
- **Jobs reported:** 19
## Lender
- **Originating:** Woodlands National Bank
- **Servicing:** Woodlands National Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*