# PPP loan: ERIC L. DAVIS ENGINEERING, INC.
> **$1.55M** approved 04/05/2020 · Paid in Full · Loan `5248907000`
## Borrower
- **Name:** ERIC L. DAVIS ENGINEERING, INC.
- **Address:** 120 E MAIN ST, FORNEY, TX, 75126-4139
- **NAICS:** 541330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.55M
- **Initial approval:** $1.55M
- **Forgiven:** $1.56M (101%)
- **Forgiveness date:** 04/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.24M
- **Rent:** $155K
- **Utilities:** $155K
- **Jobs reported:** 110
## Lender
- **Originating:** City Bank
- **Servicing:** City Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*