# PPP loan: GARRETT FASTENING SYSTEMS
> **$372K** approved 05/07/2020 · Paid in Full · Loan `3439347405`
## Borrower
- **Name:** GARRETT FASTENING SYSTEMS
- **Address:** 975 EXPLORER CV, ALTAMONTE SPRINGS, FL, 32701-7517
- **NAICS:** 423510
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $372K
- **Initial approval:** $372K
- **Forgiven:** $241K (65%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $298K
- **Mortgage interest:** $37K
- **Utilities:** $37K
- **Jobs reported:** 22
## Lender
- **Originating:** Trustco Bank
- **Servicing:** Trustco Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*