FAVCO INC (AK) - 2020 PPP Loan Borrower Profile (# 3890407709)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to FAVCO INC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Alaska.

Loan Detail

Loan Number

3890407709

SBA Office Code

1084

Processing Method

PPP

Curent Loan Amount

$164,050

Date Loan was Approved

May 1, 2020

Amount Forgiven

$166,279.28

Date Loan was Forgiven

Sep 15, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

164,050

Lender

Wells Fargo Bank, National Association

Business Detail

Business Type

Sole Proprietorship

NAICS

424460

Borrower Location

ANCHORAGE, AK

Project Location

ANCHORAGE, AK

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.