# PPP loan: THE FEDERAL METAL COMPANY
> **$1.34M** approved 04/10/2021 · Paid in Full · Loan `1484218800`
## Borrower
- **Name:** THE FEDERAL METAL COMPANY
- **Address:** 7250 Division St, Bedford Hts, OH, 44146-5406
- **NAICS:** 331420
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.34M
- **Initial approval:** $1.34M
- **Forgiven:** $1.35M (101%)
- **Forgiveness date:** 12/08/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.34M
- **Utilities:** $1
- **Jobs reported:** 91
## Lender
- **Originating:** The Middlefield Banking Company
- **Servicing:** The Middlefield Banking Company (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*