# PPP loan: FARNSWORTH COMPANIES, INC.
> **$199K** approved 04/27/2020 · Paid in Full · Loan `5688737208`
## Borrower
- **Name:** FARNSWORTH COMPANIES, INC.
- **Address:** 460 S Greenfield Road, Ste. 1, MESA, AZ, 85206-2010
- **NAICS:** 531390
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $199K
- **Initial approval:** $183K
- **Forgiven:** $200K (101%)
- **Forgiveness date:** 12/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $170K
- **Rent:** $15K
- **Utilities:** $2K
- **Health care:** $12K
- **Jobs reported:** 13
## Lender
- **Originating:** Gateway Commercial Bank
- **Servicing:** Gateway Commercial Bank (AZ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*