# PPP loan: P & R FASTENERS, INC.
> **$1.08M** approved 01/16/2021 · Paid in Full · Loan `1046668305`
## Borrower
- **Name:** P & R FASTENERS, INC.
- **Address:** 325 Pierce St, Somerset, NJ, 08873-1229
- **NAICS:** 423710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.08M
- **Initial approval:** $1.08M
- **Forgiven:** $1.09M (101%)
- **Forgiveness date:** 02/17/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.08M
- **Utilities:** $1
- **Jobs reported:** 53
## Lender
- **Originating:** Newtek Small Business Finance, Inc.
- **Servicing:** Newtek Small Business Finance, Inc. (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*