# PPP loan: M.C. ELECTRICAL NY INC.
> **$1.51M** approved 01/30/2021 · Paid in Full · Loan `8742948301`
## Borrower
- **Name:** M.C. ELECTRICAL NY INC.
- **Address:** 157 Walsh Rd, Yonkers, NY, 10701-3100
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.51M
- **Initial approval:** $1.51M
- **Forgiven:** $1.52M (101%)
- **Forgiveness date:** 10/08/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.51M
- **Utilities:** $1
- **Jobs reported:** 120
## Lender
- **Originating:** Webster Bank National Association
- **Servicing:** Webster Bank National Association (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*