# PPP loan: METALTEC STEEL ABRASIVE COMPANY
> **$658K** approved 04/10/2020 · Paid in Full · Loan `2417667107`
## Borrower
- **Name:** METALTEC STEEL ABRASIVE COMPANY
- **Address:** 41155 Joy Road, CANTON, MI, 48187-2094
- **NAICS:** 327910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $658K
- **Initial approval:** $658K
- **Forgiven:** $665K (101%)
- **Forgiveness date:** 04/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $658K
- **Jobs reported:** 44
## Lender
- **Originating:** Emigrant Bank
- **Servicing:** Emigrant Bank (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*