# PPP loan: DERLE FARMS INC
> **$1.41M** approved 01/21/2021 · Exemption 4 · Loan `3006938308`
## Borrower
- **Name:** DERLE FARMS INC
- **Address:** 15 Grumman Rd W Ste 100, Bethpage, NY, 11714-5026
- **NAICS:** 424490
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.41M
- **Initial approval:** $1.41M
- **Forgiven:** $1.34M (95%)
- **Forgiveness date:** 07/13/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.41M
- **Utilities:** $1
- **Jobs reported:** 65
## 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*