# PPP loan: FIBER OPTIC CENTER INC.
> **$569K** approved 01/25/2021 · Paid in Full · Loan `5452368302`
## Borrower
- **Name:** FIBER OPTIC CENTER INC.
- **Address:** 23 Centre St, New Bedford, MA, 02740-6322
- **NAICS:** 423990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $569K
- **Initial approval:** $569K
- **Forgiven:** $572K (100%)
- **Forgiveness date:** 07/28/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $569K
- **Jobs reported:** 34
## Lender
- **Originating:** BayCoast Bank
- **Servicing:** BayCoast Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*