# PPP loan: FIBRE CONVERTERS, INC.
> **$1.20M** approved 04/08/2020 · Paid in Full · Loan `7707577007`
## Borrower
- **Name:** FIBRE CONVERTERS, INC.
- **Address:** 1 Industrial Park Dr., CONSTANTINE, MI, 49042-8735
- **NAICS:** 322211
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.20M
- **Initial approval:** $1.20M
- **Forgiven:** $1.21M (101%)
- **Forgiveness date:** 01/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.05M
- **Utilities:** $150K
- **Jobs reported:** 102
## Lender
- **Originating:** Southern Michigan Bank & Trust
- **Servicing:** Southern Michigan Bank & Trust (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*