# PPP loan: IC&S DISTRIBUTING CO
> **$250K** approved 04/15/2020 · Paid in Full · Loan `8974937105`
## Borrower
- **Name:** IC&S DISTRIBUTING CO
- **Address:** 1833 William Penn Way, Lancaster, PA, 17601
- **NAICS:** 424690
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $252K (101%)
- **Forgiveness date:** 12/04/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $143K
- **Rent:** $51K
- **Utilities:** $4K
- **Health care:** $48K
- **Debt interest:** $4K
- **Jobs reported:** 20
## 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*