# PPP loan: FERROCONCRETE INC
> **$158K** approved 04/30/2020 · Paid in Full · Loan `5187667300`
## Borrower
- **Name:** FERROCONCRETE INC
- **Address:** 801 S Hope St 1415, Los Angeles, CA, 90017
- **NAICS:** 541430
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $158K
- **Initial approval:** $158K
- **Forgiven:** $23K (15%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $158K
- **Jobs reported:** 1
## Lender
- **Originating:** WebBank
- **Servicing:** WebBank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*