# PPP loan: MACHINE & FABRICATION SPECIALISTS, INC.
> **$289K** approved 06/01/2020 · Paid in Full · Loan `6259047808`
## Borrower
- **Name:** MACHINE & FABRICATION SPECIALISTS, INC.
- **Address:** 810 KIWANIS ST, HAMPTON, VA, 23661-1737
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $289K
- **Initial approval:** $289K
- **Forgiven:** $291K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $289K
- **Jobs reported:** 32
## Lender
- **Originating:** The Old Point National Bank of Phoebus
- **Servicing:** The Old Point National Bank of Phoebus (VA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*