Industrial Power and Lighting Corp

$2,273,800 PPP Loan in Buffalo, New York

Loan Details

Loan Number
1564767206
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$2,273,800
Current Approval
$2,273,800
Forgiveness Amount
$2,299,217
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Industrial Power and Lighting Corp
Address
60 Depot Street
ZIP Code
14206
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
140
Estimated Revenue
$46.1M
Rural/Urban
Urban
Congressional District
NY-26

Loan Use Breakdown

Payroll
$1,911,684
Rent
$28,000
Utilities
$5,600
Health Care
$323,516
Debt Interest
$5,000

Lender Information

Servicing Lender
Manufacturers and Traders Trust Company
Originating Lender
Manufacturers and Traders Trust Company

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