# PPP loan: FABTRONIC INC.
> **$504K** approved 02/03/2021 · Paid in Full · Loan `2220918407`
## Borrower
- **Name:** FABTRONIC INC.
- **Address:** 51685 Industrial Dr, Macomb, MI, 48042-4027
- **NAICS:** 332999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $504K
- **Initial approval:** $504K
- **Forgiven:** $510K (101%)
- **Forgiveness date:** 05/26/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $504K
- **Utilities:** $1
- **Jobs reported:** 42
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*