# PPP loan: CAPITOL ENGINEERING CO.
> **$389K** approved 01/20/2021 · Paid in Full · Loan `2050358303`
## Borrower
- **Name:** CAPITOL ENGINEERING CO.
- **Address:** 724 E Southern Pacific Dr, Phoenix, AZ, 85034-3220
- **NAICS:** 332999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $389K
- **Initial approval:** $500K
- **Forgiven:** $392K (101%)
- **Forgiveness date:** 02/25/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $389K
- **Jobs reported:** 32
## Lender
- **Originating:** Newtek Small Business Finance, Inc.
- **Servicing:** Newtek Small Business Finance, Inc. (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*