# PPP loan: MEDCO ELECTRICAL CONTRACTING INC.
> **$159K** approved 02/05/2021 · Paid in Full · Loan `3552728410`
## Borrower
- **Name:** MEDCO ELECTRICAL CONTRACTING INC.
- **Address:** 3309, BROOKLYN, NY, 11234
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $159K
- **Initial approval:** $159K
- **Forgiven:** $162K (102%)
- **Forgiveness date:** 03/22/2023
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $159K
- **Jobs reported:** 6
## Lender
- **Originating:** Itria Ventures LLC
- **Servicing:** Itria Ventures LLC (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*