# PPP loan: FTU LABOR CONTRACTORS INC.
> **$1.36M** approved 03/23/2021 · Paid in Full · Loan `6327408601`
## Borrower
- **Name:** FTU LABOR CONTRACTORS INC.
- **Address:** 450 E 9th St, Gilroy, CA, 95020-6608
- **NAICS:** 115115
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.36M
- **Initial approval:** $1.36M
- **Forgiven:** $1.37M (101%)
- **Forgiveness date:** 10/20/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.36M
- **Jobs reported:** 157
## Lender
- **Originating:** Pinnacle Bank
- **Servicing:** Pinnacle Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*