# PPP loan: DESIGN TEC, INC.
> **$368K** approved 04/07/2020 · Paid in Full · Loan `6712327002`
## Borrower
- **Name:** DESIGN TEC, INC.
- **Address:** 2037 IRVINE AVE, NEWPORT BEACH, CA, 92660-3601
- **NAICS:** 541410
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $368K
- **Initial approval:** $368K
- **Forgiven:** $370K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $368K
- **Jobs reported:** 23
## Lender
- **Originating:** American Business Bank
- **Servicing:** American Business Bank (CA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*