ISLAND RIGGING & HYDRAULICS INC (VI) - 2020 PPP Loan Borrower Profile (# 8515988705)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ISLAND RIGGING & HYDRAULICS INC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in US Virgin Islands.

Loan Detail

Loan Number

8515988705

SBA Office Code

0252

Processing Method

PPS

Curent Loan Amount

$58,700

Date Loan was Approved

Apr 7, 2021

Amount Forgiven

$59,207.1

Date Loan was Forgiven

Feb 15, 2022

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

58,698

Lender

Oriental Bank

Business Detail

Business Type

Corporation

NAICS

811412

Borrower Location

St Thomas, VI

Project Location

St Thomas, VI

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.