# PPP loan: STRAND SYSTEMS ENGINEERING, INC
> **$2.23M** approved 04/09/2020 · Paid in Full · Loan `8964387004`
## Borrower
- **Name:** STRAND SYSTEMS ENGINEERING, INC
- **Address:** 10003 TECHNOLOGY BLVD W, DALLAS, TX, 75220-4316
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.23M
- **Initial approval:** $2.23M
- **Forgiven:** $2.26M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.68M
- **Mortgage interest:** $279K
- **Utilities:** $279K
- **Jobs reported:** 197
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*