# PPP loan: CANAL ALARM DEVICES INC.
> **$561K** approved 01/25/2021 · Paid in Full · Loan `5276738306`
## Borrower
- **Name:** CANAL ALARM DEVICES INC.
- **Address:** 387 Canal St, New York, NY, 10013-1615
- **NAICS:** 423620
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $561K
- **Initial approval:** $561K
- **Forgiven:** $565K (101%)
- **Forgiveness date:** 10/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $561K
- **Utilities:** $1
- **Jobs reported:** 31
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*