# PPP loan: INDUSTRIAL POWER AND LIGHTING CORP
> **$2.27M** approved 04/15/2020 · Paid in Full · Loan `1564767206`
## Borrower
- **Name:** INDUSTRIAL POWER AND LIGHTING CORP
- **Address:** 60 Depot Street, Buffalo, NY, 14206
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.27M
- **Initial approval:** $2.27M
- **Forgiven:** $2.30M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.91M
- **Rent:** $28K
- **Utilities:** $6K
- **Health care:** $324K
- **Debt interest:** $5K
- **Jobs reported:** 140
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*