# PPP loan: INDEPENDENT CHEMICAL CORPORATION
> **$406K** approved 04/10/2020 · Paid in Full · Loan `1406077107`
## Borrower
- **Name:** INDEPENDENT CHEMICAL CORPORATION
- **Address:** 71-19 80th Street Suite 8-202, Glendale, NY, 11385-7529
- **NAICS:** 424690
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $406K
- **Initial approval:** $406K
- **Forgiven:** $410K (101%)
- **Forgiveness date:** 04/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $328K
- **Rent:** $21K
- **Utilities:** $2K
- **Health care:** $42K
- **Debt interest:** $12K
- **Jobs reported:** 24
## 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*