# PPP loan: ISLAND MASTER LOCKSMITH INC.
> **$861K** approved 05/04/2020 · Paid in Full · Loan `1421197400`
## Borrower
- **Name:** ISLAND MASTER LOCKSMITH INC.
- **Address:** 55 Marine Street, Farmingdale, NY, 11735-5654
- **NAICS:** 561622
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $861K
- **Initial approval:** $861K
- **Forgiven:** $868K (101%)
- **Forgiveness date:** 02/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $861K
- **Jobs reported:** 50
## Lender
- **Originating:** Solera National Bank
- **Servicing:** Solera National Bank (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*