# PPP loan: INDUSTRIAL PUMP & MACHINE, LLC
> **$356K** approved 04/09/2020 · Paid in Full · Loan `9902067001`
## Borrower
- **Name:** INDUSTRIAL PUMP & MACHINE, LLC
- **Address:** 2000 TELEGRAPH RD, MOBILE, AL, 36610-4143
- **NAICS:** 332710
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $356K
- **Initial approval:** $355K
- **Forgiven:** $359K (101%)
- **Forgiveness date:** 02/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $267K
- **Rent:** $18K
- **Mortgage interest:** $18K
- **Utilities:** $18K
- **Health care:** $18K
- **Debt interest:** $18K
- **Jobs reported:** 30
## Lender
- **Originating:** Oakworth Capital Bank
- **Servicing:** Oakworth Capital Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*