# PPP loan: MADISON & EAST MECHANICAL CORP.
> **$241K** approved 04/07/2020 · Paid in Full · Loan `7528607008`
## Borrower
- **Name:** MADISON & EAST MECHANICAL CORP.
- **Address:** 60 Commerce Drive, FARMINGDALE, NY, 11735-1206
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $241K
- **Initial approval:** $241K
- **Forgiven:** $244K (101%)
- **Forgiveness date:** 07/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $193K
- **Rent:** $48K
- **Jobs reported:** 9
## Lender
- **Originating:** Dime Community Bank
- **Servicing:** Dime Community Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*