# PPP loan: FRIEDMAN INDUSTRIES, INC
> **$1.69M** approved 04/10/2020 · Paid in Full · Loan `1867637101`
## Borrower
- **Name:** FRIEDMAN INDUSTRIES, INC
- **Address:** 1121 Judson Road Suite 124, Longview, TX, 75601-5119
- **NAICS:** 423510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.69M
- **Initial approval:** $1.69M
- **Forgiven:** $1.71M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.27M
- **Rent:** $8K
- **Utilities:** $119K
- **Health care:** $291K
- **Jobs reported:** 103
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*