# PPP loan: FORMA-FAB METALS, INC.
> **$621K** approved 04/09/2020 · Paid in Full · Loan `9802157007`
## Borrower
- **Name:** FORMA-FAB METALS, INC.
- **Address:** 5816 US Highway 70, MEBANE, NC, 27302
- **NAICS:** 332999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $621K
- **Initial approval:** $621K
- **Forgiven:** $634K (102%)
- **Forgiveness date:** 05/03/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $621K
- **Jobs reported:** 60
## Lender
- **Originating:** IberiaBank, A Division of First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*