# PPP loan: PENNFAB INC.
> **$490K** approved 04/13/2020 · Paid in Full · Loan `5195727109`
## Borrower
- **Name:** PENNFAB INC.
- **Address:** 20 Steel Road South, Morrisville, PA, 19067-3614
- **NAICS:** 332312
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $490K
- **Initial approval:** $490K
- **Forgiven:** $494K (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $368K
- **Rent:** $61K
- **Utilities:** $61K
- **Jobs reported:** 33
## 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*