# PPP loan: FRED'S PLUMBING & HEATING, INC.
> **$501K** approved 04/10/2020 · Paid in Full · Loan `1724147110`
## Borrower
- **Name:** FRED'S PLUMBING & HEATING, INC.
- **Address:** 326 Main St, DERBY, VT, 05829-9743
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $501K
- **Initial approval:** $501K
- **Forgiven:** $504K (101%)
- **Forgiveness date:** 12/02/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $376K
- **Mortgage interest:** $63K
- **Utilities:** $63K
- **Jobs reported:** 45
## Lender
- **Originating:** Woodsville Guaranty Savings Bank
- **Servicing:** Woodsville Guaranty Savings Bank (NH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*