# PPP loan: FASTENER INNOVATION TECHNOLOGY, INC.
> **$805K** approved 05/07/2020 · Paid in Full · Loan `3459737401`
## Borrower
- **Name:** FASTENER INNOVATION TECHNOLOGY, INC.
- **Address:** 19300 S SUSANA RD, COMPTON, CA, 90221-5711
- **NAICS:** 332722
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $805K
- **Initial approval:** $805K
- **Forgiven:** $812K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $805K
- **Jobs reported:** 75
## Lender
- **Originating:** Farmers & Merchants Bank of Long Beach
- **Servicing:** Farmers & Merchants Bank of Long Beach (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*