# PPP loan: DEREMA GROUP, INC.
> **$632K** approved 04/10/2020 · Paid in Full · Loan `1398587106`
## Borrower
- **Name:** DEREMA GROUP, INC.
- **Address:** 831 LINCOLN AVE Unit 11, WEST CHESTER, PA, 19380-4417
- **NAICS:** 423910
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $632K
- **Initial approval:** $632K
- **Forgiven:** $637K (101%)
- **Forgiveness date:** 02/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $474K
- **Rent:** $126K
- **Utilities:** $32K
- **Jobs reported:** 33
## Lender
- **Originating:** Wilmington Savings Fund Society, FSB
- **Servicing:** Wilmington Savings Fund Society, FSB (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*