# PPP loan: DELCO ELECTRICAL CORP.
> **$2.00M** approved 03/05/2021 · Paid in Full · Loan `7002498504`
## Borrower
- **Name:** DELCO ELECTRICAL CORP.
- **Address:** 241 W 37th St Rm 700, New York, NY, 10018-6764
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.00M
- **Initial approval:** $2.00M
- **Forgiven:** $2.03M (102%)
- **Forgiveness date:** 09/29/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $2.00M
- **Utilities:** $1
- **Jobs reported:** 168
## Lender
- **Originating:** Signature Bank
- **Servicing:** Signature Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*