Insulation Materials Corporation

$540,700 PPP Loan in South Plainfield, New Jersey

Loan Details

Loan Number
5291067308
Date Approved
Apr 30, 2020
Loan Status
Paid in Full
Initial Approval
$540,700
Current Approval
$445,000
Forgiveness Amount
$447,880
Forgiveness Date
Jan 8, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Insulation Materials Corporation
Address
700 Metuchen Rd
ZIP Code
07080
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (423330)
Business Age
Existing or more than 2 years old
Jobs Reported
37
Estimated Revenue
$11.3M
Rural/Urban
Urban
Congressional District
NJ-06

Loan Use Breakdown

Payroll
$445,000

Lender Information

Servicing Lender
Truist Bank
Originating Lender
Truist Bank

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