# PPP loan: ENGINEERING DESIGN ASSOCIATES INC.
> **$291K** approved 04/08/2020 · Paid in Full · Loan `7978057006`
## Borrower
- **Name:** ENGINEERING DESIGN ASSOCIATES INC.
- **Address:** 385 12TH ST, SIOUX CENTER, IA, 51250-2144
- **NAICS:** 541310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $291K
- **Initial approval:** $291K
- **Forgiven:** $293K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $291K
- **Jobs reported:** 15
## Lender
- **Originating:** Peoples Bank
- **Servicing:** Peoples Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*