# PPP loan: FIP INC
> **$251K** approved 03/06/2021 · Exemption 4 · Loan `7551178505`
## Borrower
- **Name:** FIP INC
- **Address:** 85 W Forest Ave # 36, Englewood, NJ, 07631-4001
- **NAICS:** 238150
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $251K
- **Initial approval:** $251K
- **Forgiven:** $15K (6%)
- **Forgiveness date:** 04/02/2024
- **Status:** Exemption 4
- **Term:** 120 months
## Use of funds
- **Payroll:** $251K
- **Jobs reported:** 10
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*