# PPP loan: DELTA ELECTRONICS MFG CO
> **$1.55M** approved 04/09/2020 · Paid in Full · Loan `9036077007`
## Borrower
- **Name:** DELTA ELECTRONICS MFG CO
- **Address:** 416 CABOT ST, BEVERLY, MA, 01915-3152
- **NAICS:** 334417
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.55M
- **Initial approval:** $1.55M
- **Forgiven:** $1.56M (101%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.55M
- **Jobs reported:** 231
## Lender
- **Originating:** Salem Five Cents Savings Bank
- **Servicing:** Salem Five Cents Savings Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*