# PPP loan: PROGRESSIVE METAL MANUFACTURING COMPANY
> **$1.89M** approved 01/31/2021 · Paid in Full · Loan `1003368407`
## Borrower
- **Name:** PROGRESSIVE METAL MANUFACTURING COMPANY
- **Address:** 3100 E 10 Mile Rd, Warren, MI, 48091-3713
- **NAICS:** 332999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.89M
- **Initial approval:** $1.89M
- **Forgiven:** $1.90M (101%)
- **Forgiveness date:** 08/31/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.89M
- **Utilities:** $1
- **Jobs reported:** 124
## Lender
- **Originating:** First Merchants Bank
- **Servicing:** First Merchants Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*