# PPP loan: KARINS ENGINEERING INC.
> **$878K** approved 01/30/2021 · Paid in Full · Loan `9150558303`
## Borrower
- **Name:** KARINS ENGINEERING INC.
- **Address:** 17 Polly Drummond Shpg Ctr Ste 201, Newark, DE, 19711-4820
- **NAICS:** 541330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $878K
- **Initial approval:** $878K
- **Forgiven:** $884K (101%)
- **Forgiveness date:** 09/17/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $878K
- **Utilities:** $1
- **Jobs reported:** 53
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*