# PPP loan: DRM ELECTROCOAT CORP.
> **$445K** approved 04/10/2020 · Paid in Full · Loan `1698427106`
## Borrower
- **Name:** DRM ELECTROCOAT CORP.
- **Address:** 1305 Prothero Dr., REEDSBURG, WI, 53959-2150
- **NAICS:** 332812
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $445K
- **Initial approval:** $475K
- **Forgiven:** $448K (101%)
- **Forgiveness date:** 01/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $445K
- **Jobs reported:** 50
## Lender
- **Originating:** Bank of Wisconsin Dells
- **Servicing:** Bank of Wisconsin Dells (WI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*