# PPP loan: SPRINGCO METAL COATINGS INC
> **$1.16M** approved 02/24/2021 · Paid in Full · Loan `3531018508`
## Borrower
- **Name:** SPRINGCO METAL COATINGS INC
- **Address:** 12500 Elmwood Ave, Cleveland, OH, 44111-5910
- **NAICS:** 327999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.16M
- **Initial approval:** $1.16M
- **Forgiven:** $1.17M (101%)
- **Forgiveness date:** 12/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.16M
- **Jobs reported:** 148
## Lender
- **Originating:** North Valley Bank
- **Servicing:** North Valley Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*