# PPP loan: ICONIC MECHANICAL SERVICES
> **$720K** approved 04/14/2020 · Paid in Full · Loan `7831327108`
## Borrower
- **Name:** ICONIC MECHANICAL SERVICES
- **Address:** 225 N Fehr Way, Bay Shore, NY, 11706
- **NAICS:** 236220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $720K
- **Initial approval:** $720K
- **Forgiven:** $727K (101%)
- **Forgiveness date:** 01/02/2024
- **Status:** Paid in Full
- **Term:** 84 months
## Use of funds
- **Payroll:** $691K
- **Rent:** $22K
- **Utilities:** $1K
- **Health care:** $5K
- **Jobs reported:** 49
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*