# PPP loan: LASER FABRICATION & MACHINE CO., INC.
> **$651K** approved 04/28/2020 · Paid in Full · Loan `8337367206`
## Borrower
- **Name:** LASER FABRICATION & MACHINE CO., INC.
- **Address:** 14055 US HIGHWAY 431, WELLINGTON, AL, 36279-5956
- **NAICS:** 332312
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $651K
- **Initial approval:** $651K
- **Forgiven:** $655K (101%)
- **Forgiveness date:** 12/08/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $521K
- **Mortgage interest:** $65K
- **Utilities:** $65K
- **Jobs reported:** 49
## Lender
- **Originating:** NobleBank & Trust
- **Servicing:** NobleBank & Trust (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*