Industrial Heater Corp

$339,777 PPP Loan in Cheshire, Connecticut

Loan Details

Loan Number
8176567107
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$339,777
Current Approval
$339,777
Forgiveness Amount
$341,797
Forgiveness Date
Nov 25, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Industrial Heater Corp
Address
30 Knotter Drive
ZIP Code
06410
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (333414)
Business Age
Existing or more than 2 years old
Jobs Reported
47
Estimated Revenue
$12.3M
Rural/Urban
Urban
Congressional District
CT-05

Loan Use Breakdown

Payroll
$284,777
Rent
$20,000
Utilities
$15,000
Health Care
$20,000

Lender Information

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

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