# PPP loan: FAVOR STEEL AND FABRICATING INC.
> **$498K** approved 02/12/2021 · Paid in Full · Loan `7626328410`
## Borrower
- **Name:** FAVOR STEEL AND FABRICATING INC.
- **Address:** 4301 Coalburg Rd, Birmingham, AL, 35207-1642
- **NAICS:** 331221
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $498K
- **Initial approval:** $498K
- **Forgiven:** $502K (101%)
- **Forgiveness date:** 01/19/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $498K
- **Utilities:** $1
- **Jobs reported:** 52
## Lender
- **Originating:** SouthPoint Bank
- **Servicing:** SouthPoint Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*