# PPP loan: MECO ELECTRIC CO., INC.
> **$999K** approved 04/15/2020 · Exemption 4 · Loan `9679047100`
## Borrower
- **Name:** MECO ELECTRIC CO., INC.
- **Address:** 56 West Street, STATEN ISLAND, NY, 10310
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $999K
- **Initial approval:** $999K
- **Forgiven:** $776K (78%)
- **Forgiveness date:** 05/17/2022
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $999K
- **Jobs reported:** 28
## 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*