# PPP loan: ALBA ELECTRIC CORP
> **$349K** approved 04/27/2020 · Paid in Full · Loan `3707407200`
## Borrower
- **Name:** ALBA ELECTRIC CORP
- **Address:** 240 West 52nd Street, NEW YORK, NY, 10019-5802
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $349K
- **Initial approval:** $349K
- **Forgiven:** $353K (101%)
- **Forgiveness date:** 07/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $349K
- **Jobs reported:** 28
## Lender
- **Originating:** Blue Foundry Bank
- **Servicing:** Blue Foundry Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*