# PPP loan: FLETCHER MACHINE INDUSTRIES INC
> **$562K** approved 04/10/2020 · Paid in Full · Loan `1908287100`
## Borrower
- **Name:** FLETCHER MACHINE INDUSTRIES INC
- **Address:** 4305 East US Hwy 64, LEXINGTON, NC, 27292
- **NAICS:** 333249
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $562K
- **Initial approval:** $562K
- **Forgiven:** $565K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $562K
- **Jobs reported:** 60
## Lender
- **Originating:** The Fidelity Bank
- **Servicing:** The Fidelity Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*