# PPP loan: FAKTORY INC.
> **$204K** approved 03/10/2021 · Paid in Full · Loan `8705408500`
## Borrower
- **Name:** FAKTORY INC.
- **Address:** 700 W Porter Lane, Centerville, UT, 84014
- **NAICS:** 541810
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $204K
- **Initial approval:** $204K
- **Forgiven:** $205K (101%)
- **Forgiveness date:** 02/08/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $204K
- **Jobs reported:** 14
## Lender
- **Originating:** Mountain America FCU
- **Servicing:** Mountain America FCU (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*