# PPP loan: ADEPT FASTENERS, INC.
> **$3.22M** approved 04/08/2020 · Paid in Full · Loan `8798437010`
## Borrower
- **Name:** ADEPT FASTENERS, INC.
- **Address:** 28709 INDUSTRY DR, VALENCIA, CA, 91355-5414
- **NAICS:** 423710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.22M
- **Initial approval:** $3.22M
- **Forgiven:** $3.25M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.73M
- **Rent:** $100K
- **Utilities:** $20K
- **Health care:** $191K
- **Debt interest:** $177K
- **Jobs reported:** 208
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*