# PPP loan: ELECTRICAL DESIGN CONSULTANTS INC
> **$295K** approved 04/09/2020 · Paid in Full · Loan `1002717102`
## Borrower
- **Name:** ELECTRICAL DESIGN CONSULTANTS INC
- **Address:** 1201 BROAD ST SUITE 1, AUGUSTA, GA, 30901-1100
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $295K
- **Initial approval:** $295K
- **Forgiven:** $297K (101%)
- **Forgiveness date:** 01/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $236K
- **Mortgage interest:** $29K
- **Utilities:** $29K
- **Jobs reported:** 26
## Lender
- **Originating:** Queensborough National Bank and Trust Company
- **Servicing:** Queensborough National Bank and Trust Company (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*