# PPP loan: FALCON ELECTRICAL CONTRACTING CORP
> **$989K** approved 04/15/2020 · Exemption 4 · Loan `1760947209`
## Borrower
- **Name:** FALCON ELECTRICAL CONTRACTING CORP
- **Address:** 159 20th Street, BROOKLYN, NY, 11232
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $989K
- **Initial approval:** $989K
- **Forgiven:** $830K (84%)
- **Forgiveness date:** 03/10/2022
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $989K
- **Jobs reported:** 38
## Lender
- **Originating:** Signature Bank
- **Servicing:** Flagstar Bank National Association (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*