# PPP loan: DESIGNER PLASTICS INC
> **$173K** approved 04/13/2020 · Paid in Full · Loan `4562377109`
## Borrower
- **Name:** DESIGNER PLASTICS INC
- **Address:** 1325 Eddy Scant City rd, ARAB, AL, 35016-5355
- **NAICS:** 325211
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $173K
- **Initial approval:** $173K
- **Forgiven:** $174K (101%)
- **Forgiveness date:** 05/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $173K
- **Jobs reported:** 24
## Lender
- **Originating:** Redstone FCU
- **Servicing:** Redstone FCU (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*