# PPP loan: THREE OAKS ENGINEERING INC
> **$694K** approved 04/10/2020 · Paid in Full · Loan `2292247105`
## Borrower
- **Name:** THREE OAKS ENGINEERING INC
- **Address:** 324 BLACKWELL ST Suite 1200, DURHAM, NC, 27701-3600
- **NAICS:** 541690
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $694K
- **Initial approval:** $694K
- **Forgiven:** $702K (101%)
- **Forgiveness date:** 05/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $694K
- **Jobs reported:** 40
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*