# PPP loan: FABRICATION ASSOCIATES INC
> **$779K** approved 02/27/2021 · Paid in Full · Loan `5459648502`
## Borrower
- **Name:** FABRICATION ASSOCIATES INC
- **Address:** 7950 Pence Rd, Charlotte, NC, 28215-4326
- **NAICS:** 332313
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $779K
- **Initial approval:** $779K
- **Forgiven:** $783K (101%)
- **Forgiveness date:** 09/10/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $779K
- **Utilities:** $1
- **Jobs reported:** 57
## Lender
- **Originating:** TowneBank
- **Servicing:** TowneBank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*