# PPP loan: MCNICHOLS SCRAP IRON & METAL CO.
> **$323K** approved 03/16/2021 · Paid in Full · Loan `3088368600`
## Borrower
- **Name:** MCNICHOLS SCRAP IRON & METAL CO.
- **Address:** 6500 E McNichols Rd, Detroit, MI, 48212-2028
- **NAICS:** 423930
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $323K
- **Initial approval:** $323K
- **Forgiven:** $327K (101%)
- **Forgiveness date:** 05/19/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $323K
- **Utilities:** $1
- **Jobs reported:** 23
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*