# PPP loan: DESIGNETICS, INC.
> **$812K** approved 04/13/2020 · Paid in Full · Loan `5091717101`
## Borrower
- **Name:** DESIGNETICS, INC.
- **Address:** 1624 S EBER RD, HOLLAND, OH, 43528-9776
- **NAICS:** 333249
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $812K
- **Initial approval:** $812K
- **Forgiven:** $816K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $609K
- **Mortgage interest:** $102K
- **Utilities:** $102K
- **Jobs reported:** 67
## Lender
- **Originating:** Signature Bank, National Association
- **Servicing:** Signature Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*