# PPP loan: FAULKNER INDUSTRIAL MAINTENANCE CO., INC.
> **$304K** approved 04/06/2020 · Paid in Full · Loan `6264117004`
## Borrower
- **Name:** FAULKNER INDUSTRIAL MAINTENANCE CO., INC.
- **Address:** 294 Merrywood Lane, STERRETT, AL, 35147-8128
- **NAICS:** 811490
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $304K
- **Initial approval:** $304K
- **Forgiven:** $307K (101%)
- **Forgiveness date:** 05/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $228K
- **Rent:** $38K
- **Utilities:** $38K
- **Jobs reported:** 60
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*