# PPP loan: ENG DESIGN, INC.
> **$725K** approved 05/01/2020 · Exemption 4 · Loan `5126617706`
## Borrower
- **Name:** ENG DESIGN, INC.
- **Address:** 35835 STANLEY DR, STERLING HEIGHTS, MI, 48312-2663
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $725K
- **Initial approval:** $725K
- **Forgiven:** $395K (54%)
- **Forgiveness date:** 04/08/2022
- **Status:** Exemption 4
- **Term:** 26 months
## Use of funds
- **Payroll:** $725K
- **Jobs reported:** 29
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*