# PPP loan: INDUSTRIAL HEATER CORP
> **$340K** approved 04/15/2020 · Paid in Full · Loan `8176567107`
## Borrower
- **Name:** INDUSTRIAL HEATER CORP
- **Address:** 30 Knotter Drive, Cheshire, CT, 06410
- **NAICS:** 333414
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $340K
- **Initial approval:** $340K
- **Forgiven:** $342K (101%)
- **Forgiveness date:** 11/25/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $285K
- **Rent:** $20K
- **Utilities:** $15K
- **Health care:** $20K
- **Jobs reported:** 47
## 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*