# PPP loan: DONALDSON ENTERPRISES INC
> **$642K** approved 04/06/2020 · Paid in Full · Loan `6323457002`
## Borrower
- **Name:** DONALDSON ENTERPRISES INC
- **Address:** 4326 Hidden Creek Lane, SPRINGDALE, AR, 72762
- **NAICS:** 442110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $642K
- **Initial approval:** $642K
- **Forgiven:** $650K (101%)
- **Forgiveness date:** 08/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $407K
- **Rent:** $203K
- **Utilities:** $32K
- **Jobs reported:** 55
## Lender
- **Originating:** Simmons Bank
- **Servicing:** Simmons Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*