# PPP loan: IDL COMMUNICATIONS & ELECTRIC, INC.
> **$2.60M** approved 04/14/2020 · Paid in Full · Loan `5828277106`
## Borrower
- **Name:** IDL COMMUNICATIONS & ELECTRIC, INC.
- **Address:** 850 Third Avenue Suite 408, BROOKLYN, NY, 11232-1513
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.60M
- **Initial approval:** $2.60M
- **Forgiven:** $2.63M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.12M
- **Rent:** $47K
- **Utilities:** $800
- **Health care:** $1.44M
- **Jobs reported:** 85
## 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*