# PPP loan: A. & L. IRON AND METAL COMPANY
> **$824K** approved 04/16/2020 · Paid in Full · Loan `2972357205`
## Borrower
- **Name:** A. & L. IRON AND METAL COMPANY
- **Address:** 2000 Milbocker Rd., GAYLORD, MI, 49735-7743
- **NAICS:** 423930
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $824K
- **Initial approval:** $824K
- **Forgiven:** $828K (101%)
- **Forgiveness date:** 11/20/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $782K
- **Rent:** $4K
- **Utilities:** $38K
- **Jobs reported:** 90
## Lender
- **Originating:** State Savings Bank
- **Servicing:** State Savings Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*