# PPP loan: DESIGNTECH, INC.
> **$482K** approved 04/15/2020 · Paid in Full · Loan `8707887109`
## Borrower
- **Name:** DESIGNTECH, INC.
- **Address:** 10410 KENSINGTON PARKWAY, #200, KENSINGTON, MD, 20895
- **NAICS:** 541330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $482K
- **Initial approval:** $482K
- **Forgiven:** $485K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $413K
- **Rent:** $24K
- **Health care:** $45K
- **Jobs reported:** 22
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*