# PPP loan: ADC COMMUNICATIONS AND ELECTRICAL INC
> **$195K** approved 03/13/2021 · Paid in Full · Loan `1683698600`
## Borrower
- **Name:** ADC COMMUNICATIONS AND ELECTRICAL INC
- **Address:** 497 Washington Ave, Hackensack, NJ, 07601-6515
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $195K
- **Initial approval:** $195K
- **Forgiven:** $196K (101%)
- **Forgiveness date:** 12/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $195K
- **Jobs reported:** 12
## Lender
- **Originating:** Valley National Bank
- **Servicing:** Valley National Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*