# PPP loan: GEODESIGN, INC. DBA GEOMECHANICS
> **$577K** approved 05/01/2020 · Paid in Full · Loan `1026497701`
## Borrower
- **Name:** GEODESIGN, INC. DBA GEOMECHANICS
- **Address:** 984 SOUTHFORD RD, MIDDLEBURY, CT, 06762
- **NAICS:** —
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $577K
- **Initial approval:** $577K
- **Forgiven:** $581K (101%)
- **Forgiveness date:** 02/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $495K
- **Health care:** $82K
- **Jobs reported:** 29
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*