# PPP loan: STANCO SYSTEMS ELECTRICAL CONTRACTING INC.
> **$1.90M** approved 04/08/2021 · Paid in Full · Loan `9035848704`
## Borrower
- **Name:** STANCO SYSTEMS ELECTRICAL CONTRACTING INC.
- **Address:** 4061 Victory Blvd, Staten Island, NY, 10314-6732
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.90M
- **Initial approval:** $1.90M
- **Forgiven:** $1.92M (101%)
- **Forgiveness date:** 05/16/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.90M
- **Utilities:** $1
- **Jobs reported:** 178
## 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*