# PPP loan: FORMATION DESIGN GROUP INC.
> **$252K** approved 01/30/2021 · Paid in Full · Loan `9522958307`
## Borrower
- **Name:** FORMATION DESIGN GROUP INC.
- **Address:** 1263 Barnes St NW, Atlanta, GA, 30318-7826
- **NAICS:** 541512
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $252K
- **Initial approval:** $252K
- **Forgiven:** $254K (101%)
- **Forgiveness date:** 10/29/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $252K
- **Utilities:** $1
- **Jobs reported:** 17
## Lender
- **Originating:** CornerstoneBank, A Division of Coastal States Bank
- **Servicing:** Coastal States Bank (SC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*