# PPP loan: FABARC STEEL SUPPLY INC
> **$2.00M** approved 01/25/2021 · Paid in Full · Loan `5422208310`
## Borrower
- **Name:** FABARC STEEL SUPPLY INC
- **Address:** 111 Meadow Ln, Oxford, AL, 36203-2644
- **NAICS:** 332312
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.00M
- **Initial approval:** $2.00M
- **Forgiven:** $2.01M (101%)
- **Forgiveness date:** 09/27/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $2.00M
- **Utilities:** $1
- **Jobs reported:** 255
## Lender
- **Originating:** ServisFirst Bank
- **Servicing:** ServisFirst Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*