# PPP loan: FABTECH, INC
> **$297K** approved 04/08/2020 · Paid in Full · Loan `8750727004`
## Borrower
- **Name:** FABTECH, INC
- **Address:** 37089 COUNTY 6 BLVD, GOODHUE, MN, 55027-8223
- **NAICS:** 332313
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $297K
- **Initial approval:** $297K
- **Forgiven:** $300K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $71K
- **Utilities:** $226K
- **Jobs reported:** 30
## Lender
- **Originating:** First Farmers & Merchants Bank
- **Servicing:** First Farmers & Merchants Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*