# PPP loan: FIBERTEC INC
> **$840K** approved 02/11/2021 · Paid in Full · Loan `7389028409`
## Borrower
- **Name:** FIBERTEC INC
- **Address:** 1914 Holloway Dr, Holt, MI, 48842-9437
- **NAICS:** 541380
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $840K
- **Initial approval:** $840K
- **Forgiven:** $844K (100%)
- **Forgiveness date:** 07/28/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $840K
- **Utilities:** $1
- **Jobs reported:** 62
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*