# PPP loan: IPE RIGGING CORP.
> **$431K** approved 02/17/2021 · Paid in Full · Loan `9752228404`
## Borrower
- **Name:** IPE RIGGING CORP.
- **Address:** 803 State Rt 23, Sussex, NJ, 07461-3333
- **NAICS:** 238120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $431K
- **Initial approval:** $431K
- **Forgiven:** $435K (101%)
- **Forgiveness date:** 11/09/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $431K
- **Utilities:** $1
- **Jobs reported:** 19
## 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*