# PPP loan: FRABERG'S IGA, INC.
> **$251K** approved 04/07/2020 · Paid in Full · Loan `7269447002`
## Borrower
- **Name:** FRABERG'S IGA, INC.
- **Address:** 490 N CHESTNUT ST, MONROVIA, IN, 46157-9549
- **NAICS:** 445110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $251K
- **Initial approval:** $251K
- **Forgiven:** $254K (101%)
- **Forgiveness date:** 04/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $251K
- **Jobs reported:** 48
## Lender
- **Originating:** First Merchants Bank
- **Servicing:** First Merchants Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*