# PPP loan: FAIRBORN TIRE & BATTERY CO. INC.
> **$345K** approved 04/06/2020 · Paid in Full · Loan `5942577008`
## Borrower
- **Name:** FAIRBORN TIRE & BATTERY CO. INC.
- **Address:** 31 S BROAD ST, FAIRBORN, OH, 45324-4658
- **NAICS:** 441320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $345K
- **Initial approval:** $345K
- **Forgiven:** $348K (101%)
- **Forgiveness date:** 01/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $276K
- **Mortgage interest:** $15K
- **Utilities:** $39K
- **Debt interest:** $15K
- **Jobs reported:** 40
## Lender
- **Originating:** The Old Fort Banking Company
- **Servicing:** The Old Fort Banking Company (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*