# PPP loan: DEREX TECHNOLOGIES INC
> **$371K** approved 02/22/2021 · Paid in Full · Loan `2699928509`
## Borrower
- **Name:** DEREX TECHNOLOGIES INC
- **Address:** 111 Frank E Rodgers Blvd S 111 Frank E Rodgers Blvd S, Harrison, NJ, 07029-1760
- **NAICS:** 541511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $371K
- **Initial approval:** $371K
- **Forgiven:** $374K (101%)
- **Forgiveness date:** 12/10/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $371K
- **Utilities:** $1
- **Jobs reported:** 20
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*