# PPP loan: FACTORY TECHNOLOGIES INC
> **$413K** approved 03/12/2021 · Paid in Full · Loan `9518548506`
## Borrower
- **Name:** FACTORY TECHNOLOGIES INC
- **Address:** 24 Frazine Rd Ste D, Modesto, CA, 95357-0310
- **NAICS:** 541512
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $413K
- **Initial approval:** $413K
- **Forgiven:** $416K (101%)
- **Forgiveness date:** 02/02/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $413K
- **Utilities:** $1
- **Jobs reported:** 20
## Lender
- **Originating:** Bank of Stockton
- **Servicing:** Bank of Stockton (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*