# PPP loan: IPC CONTRACTING CORP.
> **$492K** approved 05/01/2020 · Paid in Full · Loan `2559917704`
## Borrower
- **Name:** IPC CONTRACTING CORP.
- **Address:** 127 FIG DR, DIX HILLS, NY, 11746
- **NAICS:** 561730
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $492K
- **Initial approval:** $492K
- **Forgiven:** $463K (94%)
- **Forgiveness date:** 06/09/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $483K
- **Rent:** $4K
- **Health care:** $5K
- **Jobs reported:** 19
## 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*