# PPP loan: BANK DESIGN & EQUIPMENT, INC.
> **$636K** approved 04/08/2020 · Paid in Full · Loan `8705517001`
## Borrower
- **Name:** BANK DESIGN & EQUIPMENT, INC.
- **Address:** 1401 HOPEMAN PKWY, WAYNESBORO, VA, 22980-1947
- **NAICS:** 561621
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $636K
- **Initial approval:** $636K
- **Forgiven:** $643K (101%)
- **Forgiveness date:** 04/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $636K
- **Jobs reported:** 37
## Lender
- **Originating:** Atlantic Union Bank
- **Servicing:** Atlantic Union Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*