# PPP loan: FAIRLAWN TOOL INC.
> **$509K** approved 04/07/2020 · Paid in Full · Loan `7324157002`
## Borrower
- **Name:** FAIRLAWN TOOL INC.
- **Address:** 1005 PATRIOT PKWY, READING, PA, 19605-2874
- **NAICS:** 333318
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $509K
- **Initial approval:** $509K
- **Forgiven:** $513K (101%)
- **Forgiveness date:** 12/30/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $509K
- **Jobs reported:** 51
## Lender
- **Originating:** First National Bank of Pennsylvania
- **Servicing:** First National Bank of Pennsylvania (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*