# PPP loan: MEYER METAL SYSTEMS INC
> **$172K** approved 04/10/2020 · Paid in Full · Loan `1157007106`
## Borrower
- **Name:** MEYER METAL SYSTEMS INC
- **Address:** 1111 DAVIS RD Suite A, ELGIN, IL, 60123-1315
- **NAICS:** 331318
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $172K
- **Initial approval:** $172K
- **Forgiven:** $174K (101%)
- **Forgiveness date:** 03/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $172K
- **Jobs reported:** 22
## Lender
- **Originating:** CIBC Bank USA
- **Servicing:** CIBC Bank USA (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*