# PPP loan: FABCO MACHINE CORPORATION
> **$283K** approved 04/08/2020 · Paid in Full · Loan `7683917007`
## Borrower
- **Name:** FABCO MACHINE CORPORATION
- **Address:** 1200 Greene 628 Rd, Paragould, AR, 72450
- **NAICS:** 333517
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $283K
- **Initial approval:** $283K
- **Forgiven:** $284K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $212K
- **Rent:** $57K
- **Utilities:** $14K
- **Jobs reported:** 24
## Lender
- **Originating:** First National Bank
- **Servicing:** First National Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*