# PPP loan: INTERPHASE ELECTRIC CORP
> **$889K** approved 01/21/2021 · Paid in Full · Loan `2906738308`
## Borrower
- **Name:** INTERPHASE ELECTRIC CORP
- **Address:** 79 Rocklyn Ave, Lynbrook, NY, 11563-2726
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $889K
- **Initial approval:** $889K
- **Forgiven:** $896K (101%)
- **Forgiveness date:** 11/01/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $889K
- **Jobs reported:** 32
## Lender
- **Originating:** Signature Bank
- **Servicing:** Signature Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*