# PPP loan: I.E.C INC
> **$399K** approved 04/14/2020 · Paid in Full · Loan `7602497109`
## Borrower
- **Name:** I.E.C INC
- **Address:** 50 Hampton Street, METUCHEN, NJ, 08840-0234
- **NAICS:** 562910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $399K
- **Initial approval:** $399K
- **Forgiven:** $403K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $399K
- **Jobs reported:** 25
## 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*