# PPP loan: INDUSTRIAL EQUIPMENT CORP
> **$217K** approved 05/01/2020 · Paid in Full · Loan `9407057709`
## Borrower
- **Name:** INDUSTRIAL EQUIPMENT CORP
- **Address:** BO SABANA LLANA SUR CARR 877 KM 0.7, SAN JUAN, PR, 00926
- **NAICS:** 333318
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $217K
- **Initial approval:** $217K
- **Forgiven:** $218K (101%)
- **Forgiveness date:** 03/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $217K
- **Jobs reported:** 19
## Lender
- **Originating:** Banco Popular de Puerto Rico
- **Servicing:** Banco Popular de Puerto Rico (PR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*