# PPP loan: DANNENBAUM ENGINEERING CORPORATION
> **$2.54M** approved 04/11/2020 · Paid in Full · Loan `2979107105`
## Borrower
- **Name:** DANNENBAUM ENGINEERING CORPORATION
- **Address:** 3100 West Alabama St, HOUSTON, TX, 77098-2004
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.54M
- **Initial approval:** $2.54M
- **Forgiven:** $2.57M (101%)
- **Forgiveness date:** 08/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.90M
- **Rent:** $317K
- **Utilities:** $317K
- **Jobs reported:** 220
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*