# PPP loan: IPS ULTIMATE HOLDINGS LLC
> **$415K** approved 03/01/2021 · Paid in Full · Loan `5563008509`
## Borrower
- **Name:** IPS ULTIMATE HOLDINGS LLC
- **Address:** 143 Doty Cir, West Springfield, MA, 01089-1309
- **NAICS:** 492110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $415K
- **Initial approval:** $415K
- **Forgiven:** $421K (101%)
- **Forgiveness date:** 07/08/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $415K
- **Utilities:** $1
- **Jobs reported:** 32
## Lender
- **Originating:** Modern Bank, National Association
- **Servicing:** Modern Bank, National Association (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*