# PPP loan: ALDERSON ENGINEERING INC
> **$509K** approved 04/06/2020 · Paid in Full · Loan `6300977002`
## Borrower
- **Name:** ALDERSON ENGINEERING INC
- **Address:** 407 Lakeside Drive, SOUTHAMPTON, PA, 18966-4077
- **NAICS:** 541330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $509K
- **Initial approval:** $509K
- **Forgiven:** $513K (101%)
- **Forgiveness date:** 02/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $457K
- **Rent:** $14K
- **Utilities:** $5K
- **Health care:** $25K
- **Debt interest:** $8K
- **Jobs reported:** 31
## Lender
- **Originating:** Wilmington Savings Fund Society, FSB
- **Servicing:** Wilmington Savings Fund Society, FSB (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*