# PPP loan: METALLOID CORPORATION
> **$875K** approved 04/09/2020 · Paid in Full · Loan `1088927106`
## Borrower
- **Name:** METALLOID CORPORATION
- **Address:** 1160 White St, STURGIS, MI, 49091-2148
- **NAICS:** 325998
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $875K
- **Initial approval:** $875K
- **Forgiven:** $884K (101%)
- **Forgiveness date:** 04/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $700K
- **Utilities:** $175K
- **Jobs reported:** 56
## Lender
- **Originating:** Southern Michigan Bank & Trust
- **Servicing:** Southern Michigan Bank & Trust (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*