# PPP loan: ENGINEERING DESIGN SOURCE, INC.
> **$438K** approved 04/16/2020 · Exemption 4 · Loan `2536427206`
## Borrower
- **Name:** ENGINEERING DESIGN SOURCE, INC.
- **Address:** 16141 SWINGLEY RD, CHESTERFIELD, MO, 63017
- **NAICS:** 541330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $438K
- **Initial approval:** $438K
- **Forgiven:** $243K (56%)
- **Forgiveness date:** 08/25/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $438K
- **Jobs reported:** 31
## Lender
- **Originating:** U.S. Bank, National Association
- **Servicing:** U.S. Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*