# PPP loan: FRANCIS METALS COMPANY, INC
> **$168K** approved 01/16/2021 · Paid in Full · Loan `1220258307`
## Borrower
- **Name:** FRANCIS METALS COMPANY, INC
- **Address:** 687 Prospect St, Lakewood, NJ, 08701-4648
- **NAICS:** 423510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $168K
- **Initial approval:** $168K
- **Forgiven:** $169K (101%)
- **Forgiveness date:** 10/06/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $168K
- **Utilities:** $1
- **Jobs reported:** 11
## Lender
- **Originating:** Magyar Bank
- **Servicing:** Magyar Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*