# PPP loan: EAC DESIGN, INC.
> **$1.45M** approved 04/05/2020 · Paid in Full · Loan `5400647000`
## Borrower
- **Name:** EAC DESIGN, INC.
- **Address:** 1330 LAGOON AVE, MINNEAPOLIS, MN, 55408-2061
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.45M
- **Initial approval:** $1.45M
- **Forgiven:** $1.46M (101%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.30M
- **Rent:** $55K
- **Utilities:** $4K
- **Health care:** $81K
- **Debt interest:** $2K
- **Jobs reported:** 79
## Lender
- **Originating:** Crown Bank
- **Servicing:** Crown Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*