# PPP loan: FAIRBORN EQUIPMENT OF NORTH CAROLINA INC
> **$231K** approved 05/01/2020 · Paid in Full · Loan `8442417700`
## Borrower
- **Name:** FAIRBORN EQUIPMENT OF NORTH CAROLINA INC
- **Address:** 6002-D Triangle Drive, Raleigh, NC, 27617
- **NAICS:** 423830
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $231K
- **Initial approval:** $231K
- **Forgiven:** $234K (101%)
- **Forgiveness date:** 08/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $231K
- **Jobs reported:** 17
## Lender
- **Originating:** Cross River Bank
- **Servicing:** Cross River Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*