# PPP loan: SARGENT METAL FABRICATING INC
> **$300K** approved 04/15/2020 · Paid in Full · Loan `1129507204`
## Borrower
- **Name:** SARGENT METAL FABRICATING INC
- **Address:** 650 ARRASMITH TRL, AMES, IA, 50010-9760
- **NAICS:** 332312
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $300K
- **Initial approval:** $300K
- **Forgiven:** $302K (101%)
- **Forgiveness date:** 12/08/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $250K
- **Utilities:** $25K
- **Health care:** $25K
- **Jobs reported:** 25
## Lender
- **Originating:** Exchange State Bank
- **Servicing:** Exchange State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*