# PPP loan: FRAKES ENGINEERING, INC.
> **$349K** approved 04/05/2020 · Paid in Full · Loan `5507827006`
## Borrower
- **Name:** FRAKES ENGINEERING, INC.
- **Address:** 7950 Castleway Dr Suite 160, INDIANAPOLIS, IN, 46250-1979
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $349K
- **Initial approval:** $349K
- **Forgiven:** $352K (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $280K
- **Rent:** $29K
- **Utilities:** $5K
- **Health care:** $35K
- **Jobs reported:** 24
## Lender
- **Originating:** STAR Financial Bank
- **Servicing:** STAR Financial Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*