# PPP loan: ISLAND PUMPING AND TANK CORP.
> **$3.29M** approved 04/16/2020 · Paid in Full · Loan `2505427203`
## Borrower
- **Name:** ISLAND PUMPING AND TANK CORP.
- **Address:** 40 Doyle Ct, EAST NORTHPORT, NY, 11731-6405
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.29M
- **Initial approval:** $3.29M
- **Forgiven:** $3.33M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.83M
- **Rent:** $56K
- **Utilities:** $50K
- **Health care:** $360K
- **Jobs reported:** 138
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*