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Innovative Power Products, Inc.

$455,290 PPP Loan in Holbrook, New York

Loan Details

Loan Number
2155587705
Date Approved
May 1, 2020
Loan Status
Paid in Full
Initial Approval
$455,290
Current Approval
$455,290
Forgiveness Amount
$460,223
Forgiveness Date
Jun 4, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Innovative Power Products, Inc.
Address
1170-7 Lincoln Ave
City
Holbrook
State
New York
ZIP Code
11741
Business Type
Corporation
Industry (NAICS)
Manufacturing (334419)
Business Age
Existing or more than 2 years old
Jobs Reported
37
Estimated Revenue
$9.7M
Rural/Urban
Urban
Congressional District
NY-01

Loan Use Breakdown

Payroll
$402,716
Rent
$20,570
Utilities
$5,334
Health Care
$26,670

Lender Information

Servicing Lender
Jpmorgan Chase Bank, National Association
Originating Lender
Jpmorgan Chase Bank, National Association

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