# PPP loan: METAL COMPONENTS INC
> **$176K** approved 04/09/2020 · Paid in Full · Loan `1087247101`
## Borrower
- **Name:** METAL COMPONENTS INC
- **Address:** 92 MARYLAND AVE, PATERSON, NJ, 07503-2113
- **NAICS:** 332312
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $176K
- **Initial approval:** $176K
- **Forgiven:** $177K (101%)
- **Forgiveness date:** 03/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $176K
- **Jobs reported:** 27
## 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*