# PPP loan: UNITED SCRAP METAL HOLDINGS, INC.
> **$5.42M** approved 04/10/2020 · Paid in Full · Loan `1959877100`
## Borrower
- **Name:** UNITED SCRAP METAL HOLDINGS, INC.
- **Address:** 1545 South Cicero Ave, CHICAGO, IL, 60608
- **NAICS:** 423930
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.42M
- **Initial approval:** $5.42M
- **Forgiven:** $5.49M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $5.42M
- **Jobs reported:** 478
## Lender
- **Originating:** CIBC Bank USA
- **Servicing:** CIBC Bank USA (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*