# PPP loan: FRAVERT SERVICES, INC.
> **$600K** approved 04/05/2020 · Paid in Full · Loan `5371137000`
## Borrower
- **Name:** FRAVERT SERVICES, INC.
- **Address:** 133 West PARK DR, BIRMINGHAM, AL, 35211-4470
- **NAICS:** 339950
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $600K
- **Initial approval:** $600K
- **Forgiven:** $603K (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $450K
- **Rent:** $30K
- **Mortgage interest:** $30K
- **Utilities:** $30K
- **Health care:** $30K
- **Debt interest:** $30K
- **Jobs reported:** 46
## Lender
- **Originating:** Oakworth Capital Bank
- **Servicing:** Oakworth Capital Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*