# PPP loan: DTC GRIP & ELECTRIC, INC.
> **$257K** approved 04/14/2020 · Exemption 4 · Loan `5802557109`
## Borrower
- **Name:** DTC GRIP & ELECTRIC, INC.
- **Address:** 1280 65th Street, EMERYVILLE, CA, 94608-1111
- **NAICS:** 541990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $257K
- **Initial approval:** $257K
- **Forgiven:** $237K (92%)
- **Forgiveness date:** 05/06/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $257K
- **Jobs reported:** 40
## Lender
- **Originating:** BMO Bank National Association
- **Servicing:** BMO Bank National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*