# PPP loan: FACTORY TECHNOLOGIES, INC
> **$410K** approved 04/28/2020 · Paid in Full · Loan `6382197203`
## Borrower
- **Name:** FACTORY TECHNOLOGIES, INC
- **Address:** 24 Frazine Road Suite D, MODESTO, CA, 95357
- **NAICS:** 541512
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $410K
- **Initial approval:** $410K
- **Forgiven:** $413K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $385K
- **Rent:** $15K
- **Utilities:** $10K
- **Jobs reported:** 24
## Lender
- **Originating:** Bank of Stockton
- **Servicing:** Bank of Stockton (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*