# PPP loan: IPE RIGGING CORP.
> **$423K** approved 04/14/2020 · Paid in Full · Loan `7120927104`
## Borrower
- **Name:** IPE RIGGING CORP.
- **Address:** 803 Route 23 North, Sussex, NJ, 07461
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $423K
- **Initial approval:** $423K
- **Forgiven:** $428K (101%)
- **Forgiveness date:** 06/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $423K
- **Jobs reported:** 24
## Lender
- **Originating:** Provident Bank
- **Servicing:** Provident Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*