# PPP loan: FAIRCLOTH WELDING & FABRICATION, INC.
> **$212K** approved 04/08/2020 · Paid in Full · Loan `7736057003`
## Borrower
- **Name:** FAIRCLOTH WELDING & FABRICATION, INC.
- **Address:** 1377 OLD NUNEZ RD., SWAINSBORO, GA, 30401
- **NAICS:** 321999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $212K
- **Initial approval:** $212K
- **Forgiven:** $214K (101%)
- **Forgiveness date:** 07/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $169K
- **Mortgage interest:** $21K
- **Utilities:** $21K
- **Jobs reported:** 18
## Lender
- **Originating:** Queensborough National Bank and Trust Company
- **Servicing:** Queensborough National Bank and Trust Company (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*