# PPP loan: FAB STEEL, INC.
> **$171K** approved 04/06/2020 · Paid in Full · Loan `5917917001`
## Borrower
- **Name:** FAB STEEL, INC.
- **Address:** 476 TRANSPORT CT, LEXINGTON, KY, 40511-1015
- **NAICS:** 332312
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $171K
- **Initial approval:** $171K
- **Forgiven:** $172K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $152K
- **Mortgage interest:** $9K
- **Utilities:** $10K
- **Jobs reported:** 16
## Lender
- **Originating:** Central Bank & Trust Co.
- **Servicing:** Central Bank & Trust Co. (KY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*