# PPP loan: COLBY METAL INC.
> **$505K** approved 04/10/2020 · Paid in Full · Loan `2199487102`
## Borrower
- **Name:** COLBY METAL INC.
- **Address:** 701 Industrial Drive, COLBY, WI, 54421-9785
- **NAICS:** 332312
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $505K
- **Initial approval:** $505K
- **Forgiven:** $508K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $465K
- **Mortgage interest:** $20K
- **Utilities:** $20K
- **Jobs reported:** 56
## Lender
- **Originating:** Crossbridge Community Bank
- **Servicing:** Crossbridge Community Bank (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*