# PPP loan: EASTERN ALLOY INC
> **$249K** approved 01/21/2021 · Paid in Full · Loan `3077558309`
## Borrower
- **Name:** EASTERN ALLOY INC
- **Address:** 1138 Meldon Ave, Donora, PA, 15033-1131
- **NAICS:** 331221
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $249K
- **Initial approval:** $249K
- **Forgiven:** $250K (101%)
- **Forgiveness date:** 08/11/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $249K
- **Utilities:** $1
- **Jobs reported:** 16
## Lender
- **Originating:** Somerset Trust Company
- **Servicing:** Somerset Trust Company (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*