# PPP loan: STANDARD IRON & METALS CO
> **$550K** approved 02/02/2021 · Paid in Full · Loan `1512258407`
## Borrower
- **Name:** STANDARD IRON & METALS CO
- **Address:** 4525 San Leandro St, Oakland, CA, 94601-4449
- **NAICS:** 423930
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $550K
- **Initial approval:** $550K
- **Forgiven:** $555K (101%)
- **Forgiveness date:** 01/06/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $550K
- **Utilities:** $1
- **Jobs reported:** 41
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*