# PPP loan: LANE ENGINEERING, INC.
> **$494K** approved 04/04/2020 · Paid in Full · Loan `5035627006`
## Borrower
- **Name:** LANE ENGINEERING, INC.
- **Address:** 115 Magnolia Street, Marion, VA, 24354-4411
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $494K
- **Initial approval:** $494K
- **Forgiven:** $497K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $461K
- **Mortgage interest:** $4K
- **Utilities:** $3K
- **Health care:** $22K
- **Debt interest:** $4K
- **Jobs reported:** 34
## Lender
- **Originating:** The Bank of Marion
- **Servicing:** The Bank of Marion (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*