# PPP loan: DEFENSE ENGINEERING CORPORATION
> **$385K** approved 04/05/2020 · Paid in Full · Loan `5136237006`
## Borrower
- **Name:** DEFENSE ENGINEERING CORPORATION
- **Address:** 2458 DAYTON XENIA RD, DAYTON, OH, 45434-6471
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $385K
- **Initial approval:** $385K
- **Forgiven:** $389K (101%)
- **Forgiveness date:** 06/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $308K
- **Rent:** $27K
- **Health care:** $50K
- **Jobs reported:** 27
## Lender
- **Originating:** The Old Fort Banking Company
- **Servicing:** The Old Fort Banking Company (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*