# PPP loan: DESIGN PRECAST & PIPE INC
> **$420K** approved 04/10/2020 · Paid in Full · Loan `1385987109`
## Borrower
- **Name:** DESIGN PRECAST & PIPE INC
- **Address:** 15215 DEDEAUX RD, GULFPORT, MS, 39503-3161
- **NAICS:** 238120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $420K
- **Initial approval:** $420K
- **Forgiven:** $425K (101%)
- **Forgiveness date:** 07/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $315K
- **Rent:** $66K
- **Utilities:** $30K
- **Health care:** $10K
- **Jobs reported:** 69
## Lender
- **Originating:** The First Bank
- **Servicing:** The First Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*