# PPP loan: I.P. ENTERPRISES INC.
> **$250K** approved 04/10/2020 · Paid in Full · Loan `1769757109`
## Borrower
- **Name:** I.P. ENTERPRISES INC.
- **Address:** 71 E. Palisade Ave. 0.0, Englewood, NJ, 07631-2912
- **NAICS:** 423990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $253K (101%)
- **Forgiveness date:** 08/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $169K
- **Rent:** $46K
- **Utilities:** $4K
- **Health care:** $31K
- **Jobs reported:** 13
## 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*