# PPP loan: AYOUB ENGINEERING, INC.
> **$155K** approved 04/10/2020 · Paid in Full · Loan `2057787103`
## Borrower
- **Name:** AYOUB ENGINEERING, INC.
- **Address:** 414 BENEFIT ST, PAWTUCKET, RI, 02861-1207
- **NAICS:** 541330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $155K
- **Initial approval:** $155K
- **Forgiven:** $156K (101%)
- **Forgiveness date:** 12/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $124K
- **Rent:** $21K
- **Utilities:** $10K
- **Jobs reported:** 14
## Lender
- **Originating:** Navigant CU
- **Servicing:** Navigant CU (RI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*