# PPP loan: DERF ELECTRONICS CORP
> **$277K** approved 04/27/2020 · Paid in Full · Loan `6049237209`
## Borrower
- **Name:** DERF ELECTRONICS CORP
- **Address:** 253 N GRAND AVE 0, POUGHKEEPSIE, NY, 12603-1007
- **NAICS:** 423690
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $277K
- **Initial approval:** $277K
- **Forgiven:** $280K (101%)
- **Forgiveness date:** 06/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $277K
- **Jobs reported:** 20
## Lender
- **Originating:** Citibank, N.A.
- **Servicing:** Citibank, N.A. (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*