# PPP loan: MODERN METALS RECYCLING LLC
> **$363K** approved 04/11/2020 · Paid in Full · Loan `3394407100`
## Borrower
- **Name:** MODERN METALS RECYCLING LLC
- **Address:** 5800 ONE PERKINS PLACE DR Ste 6A, BATON ROUGE, LA, 70808-9107
- **NAICS:** 423930
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $363K
- **Initial approval:** $363K
- **Forgiven:** $366K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $247K
- **Rent:** $66K
- **Utilities:** $20K
- **Debt interest:** $30K
- **Jobs reported:** 28
## Lender
- **Originating:** Hancock Whitney Bank
- **Servicing:** Hancock Whitney Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*