# PPP loan: DAVIDSON TECHNOLOGIES, INC.
> **$4.52M** approved 04/28/2020 · Exemption 4 · Loan `6997857207`
## Borrower
- **Name:** DAVIDSON TECHNOLOGIES, INC.
- **Address:** 530 DISCOVERY DR, HUNTSVILLE, AL, 35806-2810
- **NAICS:** 541330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.52M
- **Initial approval:** $4.52M
- **Forgiven:** $3.16M (70%)
- **Forgiveness date:** 08/24/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $4.52M
- **Jobs reported:** 302
## Lender
- **Originating:** Synovus Bank
- **Servicing:** Synovus Bank (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*