# PPP loan: DEMAR MECHANICAL INC.
> **$3.11M** approved 04/28/2020 · Paid in Full · Loan `7939157205`
## Borrower
- **Name:** DEMAR MECHANICAL INC.
- **Address:** 186 Stanton Street, New York, NY, 10002
- **NAICS:** 238110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.11M
- **Initial approval:** $3.11M
- **Forgiven:** $3.15M (101%)
- **Forgiveness date:** 10/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.11M
- **Jobs reported:** 460
## Lender
- **Originating:** Webster Bank National Association
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*