PPP Loan information for Faratech, inc.

$234,000

Faratech, inc. was initially approved for PPP Loan of amount $234,000, the current approved amount is $234,000. The loan was approved on 05/01/2020 by The Fifth Third Bank reported 13 jobs and $234,000 was used to fund payroll.

Faratech, inc. is Existing or more than 2 years old

PPP Loan Search / GA / NORCROSS / Faratech, inc.

FARATECH, INC.

Date Approved

05/01/2020

SBA Office Code

0405

Processing Method

PPP

Borrower Name

FARATECH, INC.

Borrower Address

2791 PETERSON PL

Borrower City

NORCROSS

Borrower State

GA

Borrower Zip

30071-1802

Loan Status Date

12/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

234000.00

Current Approval Amount

234000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

58036

Servicing Lender Name

Fifth Third Bank

Servicing Lender Address

38 Fountain Sq Plz

Servicing Lender City

CINCINNATI

Servicing Lender State

OH

Servicing Lender Zip

45263

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

NORCROSS

Project County Name

GWINNETT

Project State

GA

Project Zip

30071-1802

CD

GA-07

Jobs Reported

13

NAICS Code

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

234000.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

58036

Originating Lender

Fifth Third Bank

Originating Lender City

CINCINNATI

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

237471.00

Forgiveness Date

11/08/2021

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