# PPP loan: ELECTRO DESIGN ENGINEERING, INC.
> **$3.74M** approved 04/30/2020 · Paid in Full · Loan `7035537307`
## Borrower
- **Name:** ELECTRO DESIGN ENGINEERING, INC.
- **Address:** 8133 Eagle Palm Drive, RIVERVIEW, FL, 33578-8888
- **NAICS:** 541330
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $3.74M
- **Initial approval:** $3.74M
- **Forgiven:** $3.80M (102%)
- **Forgiveness date:** 02/01/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.35M
- **Rent:** $349K
- **Utilities:** $40K
- **Jobs reported:** 263
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*