# PPP loan: GSM METALS INC
> **$1.25M** approved 04/29/2020 · Exemption 4 · Loan `2181377302`
## Borrower
- **Name:** GSM METALS INC
- **Address:** 40 KENNEY DR, CRANSTON, RI, 02920-4404
- **NAICS:** 331491
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.25M
- **Initial approval:** $1.25M
- **Forgiven:** $889K (71%)
- **Forgiveness date:** 06/11/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.25M
- **Jobs reported:** 113
## Lender
- **Originating:** Citizens Bank, National Association
- **Servicing:** Citizens Bank, National Association (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*