# PPP loan: SMITH DESIGN ASSOCIATES, INC.
> **$705K** approved 04/11/2020 · Paid in Full · Loan `3354687109`
## Borrower
- **Name:** SMITH DESIGN ASSOCIATES, INC.
- **Address:** 8 BUDD ST, MORRISTOWN, NJ, 07960-5076
- **NAICS:** 541430
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $705K
- **Initial approval:** $705K
- **Forgiven:** $514K (73%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $705K
- **Jobs reported:** 26
## Lender
- **Originating:** Peapack-Gladstone Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*