# PPP loan: DEC ELECTRICAL CONTRACTORS INC
> **$2.60M** approved 04/11/2020 · Exemption 4 · Loan `2797677100`
## Borrower
- **Name:** DEC ELECTRICAL CONTRACTORS INC
- **Address:** 235 route 73 north, WEST BERLIN, NJ, 08091-2514
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.60M
- **Initial approval:** $2.60M
- **Forgiven:** $2.35M (90%)
- **Forgiveness date:** 02/18/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $2.60M
- **Jobs reported:** 68
## Lender
- **Originating:** TD Bank, National Association
- **Servicing:** TD Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*