# PPP loan: FOSBEL, INC.
> **$1.56M** approved 04/09/2020 · Paid in Full · Loan `9748527009`
## Borrower
- **Name:** FOSBEL, INC.
- **Address:** 20600 SHELDON RD, BROOKPARK, OH, 44142-1319
- **NAICS:** 324199
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.56M
- **Initial approval:** $1.56M
- **Forgiven:** $1.57M (101%)
- **Forgiveness date:** 03/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.56M
- **Jobs reported:** 76
## Lender
- **Originating:** Valley National Bank
- **Servicing:** Valley National Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*