# PPP loan: FERRO AUTOMOTIVE GROUP, INC.
> **$426K** approved 04/29/2020 · Paid in Full · Loan `2220437300`
## Borrower
- **Name:** FERRO AUTOMOTIVE GROUP, INC.
- **Address:** 2501 MARTIN RD, FAIRFIELD, CA, 94534-1019
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $426K
- **Initial approval:** $426K
- **Forgiven:** $431K (101%)
- **Forgiveness date:** 05/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $341K
- **Mortgage interest:** $85K
- **Jobs reported:** 43
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*