# PPP loan: DIGATRON POWER ELECTRONICS, INC.
> **$567K** approved 04/30/2020 · Paid in Full · Loan `7796547304`
## Borrower
- **Name:** DIGATRON POWER ELECTRONICS, INC.
- **Address:** 50 Waterview Drive 0.0, Shelton, CT, 06484-4300
- **NAICS:** 334515
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $567K
- **Initial approval:** $567K
- **Forgiven:** $574K (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $444K
- **Rent:** $73K
- **Utilities:** $7K
- **Health care:** $43K
- **Jobs reported:** 32
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*