# PPP loan: FRANKLIN FIBRE-LAMITEX CORP.
> **$555K** approved 04/07/2020 · Exemption 4 · Loan `7125077010`
## Borrower
- **Name:** FRANKLIN FIBRE-LAMITEX CORP.
- **Address:** 903 E. 13TH ST, WILMINGTON, DE, 19802-5102
- **NAICS:** 326130
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $555K
- **Initial approval:** $555K
- **Forgiven:** $434K (78%)
- **Forgiveness date:** 12/08/2020
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $555K
- **Jobs reported:** 46
## 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*