# PPP loan: ADC ENGINEERING, INC.
> **$887K** approved 04/15/2020 · Paid in Full · Loan `9430197104`
## Borrower
- **Name:** ADC ENGINEERING, INC.
- **Address:** 1226 Yeamans Hall Rd, Hanahan, SC, 29410
- **NAICS:** 541330
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $887K
- **Initial approval:** $887K
- **Forgiven:** $895K (101%)
- **Forgiveness date:** 03/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $887K
- **Jobs reported:** 51
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*