# PPP loan: PARKES MECHANICAL & METALS INC.
> **$1.64M** approved 01/20/2021 · Paid in Full · Loan `2030798309`
## Borrower
- **Name:** PARKES MECHANICAL & METALS INC.
- **Address:** 3690 2nd St, Muscle Shoals, AL, 35661-1276
- **NAICS:** 811118
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.64M
- **Initial approval:** $1.64M
- **Forgiven:** $1.65M (101%)
- **Forgiveness date:** 01/24/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.64M
- **Utilities:** $1
- **Jobs reported:** 90
## Lender
- **Originating:** First Metro Bank
- **Servicing:** First Metro Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*