# PPP loan: KENNETH G. LILLY FASTENERS, INC.
> **$347K** approved 04/07/2020 · Paid in Full · Loan `6540727007`
## Borrower
- **Name:** KENNETH G. LILLY FASTENERS, INC.
- **Address:** 855 DAWSON DR, NEWARK, DE, 19713-3415
- **NAICS:** 423710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $347K
- **Initial approval:** $347K
- **Forgiven:** $350K (101%)
- **Forgiveness date:** 02/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $320K
- **Rent:** $14K
- **Utilities:** $13K
- **Jobs reported:** 31
## Lender
- **Originating:** Wilmington Savings Fund Society, FSB
- **Servicing:** Wilmington Savings Fund Society, FSB (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*