# PPP loan: FAB-TECH  INC.
> **$220K** approved 04/27/2020 · Paid in Full · Loan `4550607207`
## Borrower
- **Name:** FAB-TECH  INC.
- **Address:** 5 Gwynns Mill Court Suite C, Owings Mills, MD, 21117
- **NAICS:** 424310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $220K
- **Initial approval:** $220K
- **Forgiven:** $222K (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $165K
- **Rent:** $28K
- **Utilities:** $28K
- **Jobs reported:** 15
## Lender
- **Originating:** Fulton Bank, National Association
- **Servicing:** Fulton Bank, National Association (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*