# PPP loan: FAIRMOUNT AUTOMATION INC
> **$448K** approved 02/06/2021 · Paid in Full · Loan `4222978406`
## Borrower
- **Name:** FAIRMOUNT AUTOMATION INC
- **Address:** 10 Clipper Rd, W Cnshohocken, PA, 19428-2721
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $448K
- **Initial approval:** $448K
- **Forgiven:** $451K (101%)
- **Forgiveness date:** 09/29/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $448K
- **Utilities:** $1
- **Jobs reported:** 29
## Lender
- **Originating:** LendingClub Bank, National Association
- **Servicing:** LendingClub Bank, National Association (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*