# PPP loan: DAMERON ALLOY FOUNDRIES
> **$1.55M** approved 02/01/2021 · Paid in Full · Loan `1199268402`
## Borrower
- **Name:** DAMERON ALLOY FOUNDRIES
- **Address:** 6330 Gateway Dr Ste B, Cypress, CA, 90630-4836
- **NAICS:** 331513
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.55M
- **Initial approval:** $1.55M
- **Forgiven:** $1.56M (101%)
- **Forgiveness date:** 11/19/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.55M
- **Utilities:** $1
- **Jobs reported:** 123
## Lender
- **Originating:** Farmers & Merchants Bank of Long Beach
- **Servicing:** Farmers & Merchants Bank of Long Beach (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*