# PPP loan: INTERNATIONAL PROCESSPLANTS AND EQUIPMENT CORP
> **$997K** approved 04/09/2020 · Paid in Full · Loan `1053807105`
## Borrower
- **Name:** INTERNATIONAL PROCESSPLANTS AND EQUIPMENT CORP
- **Address:** 410 Princeton Hightstown Rd, PRINCETON JUNCTION, NJ, 08550-3126
- **NAICS:** 423830
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $997K
- **Initial approval:** $997K
- **Forgiven:** $1.01M (101%)
- **Forgiveness date:** 06/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $798K
- **Utilities:** $199K
- **Jobs reported:** 43
## Lender
- **Originating:** Fulton Bank, National Association
- **Servicing:** Fulton Bank, National Association (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*