# PPP loan: FREDERICK'S MACHINE & TOOL SHOP, INC
> **$888K** approved 04/07/2020 · Paid in Full · Loan `6637727003`
## Borrower
- **Name:** FREDERICK'S MACHINE & TOOL SHOP, INC
- **Address:** 3903 Second St, NEW IBERIA, LA, 70560-0500
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $888K
- **Initial approval:** $888K
- **Forgiven:** $896K (101%)
- **Forgiveness date:** 03/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $844K
- **Debt interest:** $45K
- **Jobs reported:** 69
## Lender
- **Originating:** b1BANK
- **Servicing:** b1BANK (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*