# PPP loan: FAGERMAN TECHNOLOGIES INC.
> **$162K** approved 04/13/2020 · Paid in Full · Loan `4574667110`
## Borrower
- **Name:** FAGERMAN TECHNOLOGIES INC.
- **Address:** 56 Gilcrist Rd, SOMERVILLE, AL, 35670
- **NAICS:** 511210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $162K
- **Initial approval:** $162K
- **Forgiven:** $163K (101%)
- **Forgiveness date:** 03/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $121K
- **Rent:** $500
- **Mortgage interest:** $2K
- **Utilities:** $8K
- **Debt interest:** $30K
- **Jobs reported:** 20
## Lender
- **Originating:** Peoples Bank of Alabama
- **Servicing:** Peoples Bank of Alabama (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*