# PPP loan: LOFTIS STEEL & ALUMINUM, INC.
> **$657K** approved 04/11/2020 · Paid in Full · Loan `3415777106`
## Borrower
- **Name:** LOFTIS STEEL & ALUMINUM, INC.
- **Address:** 1111 FOSTER AVE, NASHVILLE, TN, 37210-3762
- **NAICS:** 423510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $657K
- **Initial approval:** $657K
- **Forgiven:** $663K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $657K
- **Jobs reported:** 50
## Lender
- **Originating:** Franklin Synergy Bank, A Division of
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*